D.A. Davidson & CO. Decreases Holdings in Amc Networks Inc (NASDAQ:AMCX)

D.A. Davidson & CO. trimmed its position in shares of Amc Networks Inc (NASDAQ:AMCX) by 24.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,285 shares of the company’s stock after selling 2,055 shares during the period. D.A. Davidson & CO.’s holdings in Amc Networks were worth $309,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Amc Networks by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,058,250 shares of the company’s stock valued at $221,134,000 after buying an additional 15,224 shares in the last quarter. LSV Asset Management raised its holdings in shares of Amc Networks by 2.1% during the 2nd quarter. LSV Asset Management now owns 2,771,265 shares of the company’s stock valued at $151,006,000 after buying an additional 57,000 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Amc Networks by 57.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,557,614 shares of the company’s stock valued at $138,674,000 after buying an additional 934,831 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Amc Networks by 57.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 675,151 shares of the company’s stock valued at $36,789,000 after buying an additional 246,275 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Amc Networks by 5.8% during the 1st quarter. FMR LLC now owns 414,800 shares of the company’s stock valued at $23,544,000 after buying an additional 22,683 shares in the last quarter. 84.53% of the stock is currently owned by institutional investors.

Shares of Amc Networks stock opened at $40.06 on Tuesday. The company has a debt-to-equity ratio of 5.00, a current ratio of 2.71 and a quick ratio of 2.71. The business’s 50 day simple moving average is $45.21 and its two-hundred day simple moving average is $51.09. The stock has a market capitalization of $2.20 billion, a P/E ratio of 4.61, a price-to-earnings-growth ratio of 0.48 and a beta of 0.82. Amc Networks Inc has a one year low of $39.10 and a one year high of $68.42.

Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, October 31st. The company reported $2.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.65. The business had revenue of $718.60 million for the quarter, compared to analysts’ expectations of $734.61 million. Amc Networks had a return on equity of 106.13% and a net margin of 15.12%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.15 EPS. Sell-side analysts expect that Amc Networks Inc will post 9.01 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the company. Evercore ISI cut Amc Networks from an “in-line” rating to an “underperform” rating and set a $50.00 price objective on the stock. in a report on Monday, October 14th. Bank of America cut Amc Networks from a “buy” rating to a “neutral” rating and set a $44.96 price objective on the stock. in a report on Wednesday, October 30th. Zacks Investment Research cut Amc Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Co initiated coverage on Amc Networks in a research note on Monday, September 23rd. They issued a “market perform” rating and a $58.00 price target on the stock. Finally, BidaskClub cut Amc Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Amc Networks presently has an average rating of “Hold” and an average target price of $49.71.

Amc Networks Company 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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