First Hawaiian Bank Takes $123,000 Position in Amc Networks Inc (AMCX)

First Hawaiian Bank purchased a new stake in shares of Amc Networks Inc (NASDAQ:AMCX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,860 shares of the company’s stock, valued at approximately $123,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC boosted its holdings in Amc Networks by 15.0% during the second quarter. Joel Isaacson & Co. LLC now owns 8,050 shares of the company’s stock valued at $501,000 after acquiring an additional 1,050 shares during the period. Chicago Equity Partners LLC boosted its holdings in Amc Networks by 1.7% during the second quarter. Chicago Equity Partners LLC now owns 63,370 shares of the company’s stock valued at $3,942,000 after acquiring an additional 1,085 shares during the period. Verity Asset Management Inc. boosted its holdings in Amc Networks by 32.3% during the second quarter. Verity Asset Management Inc. now owns 5,879 shares of the company’s stock valued at $366,000 after acquiring an additional 1,435 shares during the period. State of Alaska Department of Revenue boosted its holdings in Amc Networks by 32.4% during the second quarter. State of Alaska Department of Revenue now owns 5,970 shares of the company’s stock valued at $371,000 after acquiring an additional 1,460 shares during the period. Finally, Advisors Preferred LLC boosted its holdings in Amc Networks by 265.9% during the second quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock valued at $125,000 after acquiring an additional 1,460 shares during the period. Institutional investors own 84.41% of the company’s stock.

AMCX has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Amc Networks from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Zacks Investment Research cut shares of Amc Networks from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Guggenheim reiterated a “hold” rating and issued a $58.00 target price on shares of Amc Networks in a research note on Friday, July 13th. Finally, Imperial Capital started coverage on shares of Amc Networks in a research note on Thursday, July 19th. They issued an “in-line” rating and a $65.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $62.40.

NASDAQ AMCX opened at $58.98 on Friday. The company has a debt-to-equity ratio of 16.00, a current ratio of 2.46 and a quick ratio of 2.46. Amc Networks Inc has a twelve month low of $46.89 and a twelve month high of $69.02. The stock has a market capitalization of $3.36 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.78 and a beta of 0.79.

Amc Networks (NASDAQ:AMCX) last released its earnings results on Thursday, November 1st. The company reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.37. Amc Networks had a net margin of 17.76% and a return on equity of 244.50%. The business had revenue of $696.87 million during the quarter, compared to analysts’ expectations of $693.20 million. During the same quarter last year, the company earned $1.68 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Amc Networks Inc will post 8.19 earnings per share for the current year.

Amc Networks Profile

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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Institutional Ownership by Quarter for Amc Networks (NASDAQ:AMCX)

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