AMC Networks Inc. (NASDAQ:AMCX) Receives $11.75 Average Price Target from Analysts

AMC Networks Inc. (NASDAQ:AMCX) has earned a consensus recommendation of “Strong Sell” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $11.75.

A number of research firms recently weighed in on AMCX. Morgan Stanley lowered their price objective on shares of AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Monday, February 12th. TheStreet raised shares of AMC Networks from a “d+” rating to a “c-” rating in a research note on Tuesday, February 13th. Finally, StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th.

Institutional Investors Weigh In On AMC Networks

A number of large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in AMC Networks by 20.2% in the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock valued at $52,000 after buying an additional 737 shares during the last quarter. SG Americas Securities LLC boosted its position in AMC Networks by 5.8% in the 4th quarter. SG Americas Securities LLC now owns 16,030 shares of the company’s stock worth $301,000 after purchasing an additional 882 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in AMC Networks by 6.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 18,428 shares of the company’s stock worth $346,000 after purchasing an additional 1,172 shares in the last quarter. Swiss National Bank boosted its position in AMC Networks by 2.6% in the 3rd quarter. Swiss National Bank now owns 59,900 shares of the company’s stock worth $706,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Signaturefd LLC boosted its position in AMC Networks by 206.2% in the 3rd quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock worth $28,000 after purchasing an additional 1,592 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Down 4.4 %

Shares of AMCX opened at $10.83 on Wednesday. The firm has a market capitalization of $471.75 million, a P/E ratio of 2.21 and a beta of 1.21. AMC Networks has a 12-month low of $9.87 and a 12-month high of $20.97. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.14. The firm has a fifty day moving average price of $11.95 and a 200-day moving average price of $14.65.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Friday, February 9th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $678.80 million during the quarter, compared to analyst estimates of $675.97 million. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The business’s revenue was down 29.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.52 earnings per share. Equities research analysts expect that AMC Networks will post 5.67 earnings per share for the current year.

AMC Networks Company Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.