Segall Bryant & Hamill LLC Invests $1.06 Million in AMC Networks Inc. $AMCX

Segall Bryant & Hamill LLC acquired a new stake in AMC Networks Inc. (NASDAQ:AMCX) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 156,067 shares of the company’s stock, valued at approximately $1,060,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in AMC Networks by 26.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,244,315 shares of the company’s stock worth $21,366,000 after acquiring an additional 462,457 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AMC Networks by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,170,004 shares of the company’s stock valued at $17,881,000 after purchasing an additional 132,013 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of AMC Networks by 3.2% during the 3rd quarter. Marshall Wace LLP now owns 1,464,638 shares of the company’s stock valued at $12,069,000 after purchasing an additional 45,093 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of AMC Networks by 35.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,346,142 shares of the company’s stock valued at $9,423,000 after purchasing an additional 349,373 shares during the last quarter. Finally, UBS Group AG increased its position in AMC Networks by 13.2% during the 3rd quarter. UBS Group AG now owns 1,170,464 shares of the company’s stock worth $9,645,000 after purchasing an additional 136,771 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMCX shares. Zacks Research downgraded shares of AMC Networks from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Morgan Stanley boosted their target price on shares of AMC Networks from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. Weiss Ratings upgraded AMC Networks from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, Wells Fargo & Company raised their price objective on AMC Networks from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, AMC Networks presently has an average rating of “Reduce” and an average target price of $10.50.

AMC Networks Stock Up 5.5%

NASDAQ:AMCX opened at $12.03 on Thursday. AMC Networks Inc. has a one year low of $5.68 and a one year high of $12.44. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $528.48 million, a PE ratio of -14.67 and a beta of 1.33. The firm’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $8.67.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The business had revenue of $547.50 million during the quarter, compared to analyst estimates of $555.74 million. AMC Networks had a negative net margin of 0.88% and a positive return on equity of 3.76%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. On average, research analysts anticipate that AMC Networks Inc. will post 2.52 earnings per share for the current year.

AMC Networks Company Profile

AMC Networks Inc (NASDAQ: AMCX) is a global entertainment company that specializes in the development, production and distribution of premium content for television and streaming platforms. Headquartered in New York City, the company operates a portfolio of pay television channels in the U.S. and abroad, and offers direct-to-consumer streaming services that feature both original programming and licensed fare. AMC Networks is best known for critically acclaimed series such as “Breaking Bad,” “Mad Men” and “The Walking Dead,” and it continues to invest in new scripted and unscripted content across a range of genres.

The company’s core television networks in the United States include AMC, IFC, Sundance TV and WE tv, while its joint venture with BBC Studios supports BBC America.