AMC Networks Inc. (NASDAQ:AMCX) has been given a consensus recommendation of “Hold” by the seventeen research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $60.67.
AMCX has been the subject of several research analyst reports. Piper Jaffray Companies set a $60.00 price objective on AMC Networks and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Jefferies Group reduced their price objective on AMC Networks from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Loop Capital reduced their price objective on AMC Networks from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, October 19th. Cowen reissued a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of AMC Networks in a research note on Tuesday, September 12th.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of AMC Networks by 24.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock worth $3,161,000 after purchasing an additional 10,539 shares in the last quarter. Dean Investment Associates LLC raised its stake in shares of AMC Networks by 4.3% during the 3rd quarter. Dean Investment Associates LLC now owns 109,710 shares of the company’s stock worth $6,415,000 after purchasing an additional 4,515 shares in the last quarter. RWC Asset Management LLP raised its stake in shares of AMC Networks by 31.3% during the 3rd quarter. RWC Asset Management LLP now owns 54,224 shares of the company’s stock worth $3,170,000 after purchasing an additional 12,913 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in shares of AMC Networks during the 3rd quarter worth about $2,431,000. Finally, California Public Employees Retirement System raised its stake in shares of AMC Networks by 1.6% during the 3rd quarter. California Public Employees Retirement System now owns 142,644 shares of the company’s stock worth $8,340,000 after purchasing an additional 2,244 shares in the last quarter. 86.95% of the stock is owned by institutional investors.
AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.53. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 EPS. research analysts anticipate that AMC Networks will post 7.01 earnings per share for the current fiscal year.
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About AMC Networks
AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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