AMC Networks (NASDAQ:AMCX) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of AMC Networks (NASDAQ:AMCX) from a hold rating to a strong-buy rating in a report issued on Tuesday, Zacks.com reports. Seaport Res Ptn also issued estimates for AMC Networks’ Q3 2024 earnings at $1.09 EPS, Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $5.06 EPS, Q1 2025 earnings at $1.60 EPS, Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $1.49 EPS, FY2025 earnings at $5.58 EPS and FY2026 earnings at $5.51 EPS.

Several other analysts have also recently commented on AMCX. Wells Fargo & Company dropped their target price on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.50.

AMC Networks Trading Up 2.6 %

Shares of NASDAQ AMCX opened at $8.13 on Tuesday. AMC Networks has a 1-year low of $7.08 and a 1-year high of $20.97. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.17. The company has a 50-day moving average of $8.75 and a two-hundred day moving average of $10.98. The company has a market cap of $353.94 million, a PE ratio of 2.28 and a beta of 1.28.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.28). The firm had revenue of $625.90 million for the quarter, compared to analyst estimates of $601.41 million. AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.02 EPS. As a group, equities analysts expect that AMC Networks will post 4.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMCX. Quarry LP raised its position in shares of AMC Networks by 119.2% during the second quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after purchasing an additional 2,336 shares during the period. Innealta Capital LLC bought a new stake in AMC Networks during the 2nd quarter worth approximately $48,000. nVerses Capital LLC acquired a new stake in shares of AMC Networks during the third quarter worth $55,000. EntryPoint Capital LLC acquired a new stake in shares of AMC Networks in the 1st quarter valued at about $60,000. Finally, EMC Capital Management lifted its stake in AMC Networks by 23.8% in the 1st quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after acquiring an additional 1,500 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

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.