GAM Holding AG boosted its position in shares of Amc Networks Inc (NASDAQ:AMCX) by 81.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,096 shares of the company’s stock after purchasing an additional 7,211 shares during the period. GAM Holding AG’s holdings in Amc Networks were worth $1,068,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Clark Estates Inc. NY boosted its holdings in Amc Networks by 2.9% in the third quarter. Clark Estates Inc. NY now owns 64,700 shares of the company’s stock worth $4,292,000 after purchasing an additional 1,800 shares in the last quarter. Ancora Advisors LLC bought a new stake in Amc Networks in the third quarter worth $109,000. Franklin Resources Inc. boosted its holdings in Amc Networks by 36.8% in the third quarter. Franklin Resources Inc. now owns 5,204 shares of the company’s stock worth $345,000 after purchasing an additional 1,401 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Amc Networks by 20.4% in the third quarter. Dimensional Fund Advisors LP now owns 788,104 shares of the company’s stock worth $52,282,000 after purchasing an additional 133,602 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Amc Networks by 46.5% in the third quarter. Great West Life Assurance Co. Can now owns 40,638 shares of the company’s stock worth $2,698,000 after purchasing an additional 12,890 shares in the last quarter. Hedge funds and other institutional investors own 85.97% of the company’s stock.
A number of equities research analysts recently issued reports on AMCX shares. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Amc Networks from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Wolfe Research started coverage on shares of Amc Networks in a report on Friday. They issued an “underperform” rating for the company. BidaskClub upgraded shares of Amc Networks from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Zacks Investment Research upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $62.20.
Amc Networks stock opened at $58.06 on Friday. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.83 and a beta of 0.84. The company has a debt-to-equity ratio of 10.69, a current ratio of 2.51 and a quick ratio of 2.51. Amc Networks Inc has a fifty-two week low of $48.00 and a fifty-two week high of $69.02.
Amc Networks (NASDAQ:AMCX) last released its earnings results on Thursday, November 1st. The company reported $2.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.37. The firm had revenue of $696.87 million during the quarter, compared to analyst estimates of $693.20 million. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 EPS. Equities analysts forecast that Amc Networks Inc will post 8.34 earnings per share for the current fiscal year.
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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