AMC Networks Inc. (NASDAQ:AMCX) Receives Consensus Rating of “Hold” from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been assigned an average recommendation of “Hold” from the three ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $8.50.

A number of equities research analysts have issued reports on AMCX shares. Wells Fargo & Company decreased their target price on 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 upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lowered their price target on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th.

AMC Networks Stock Performance

AMCX stock opened at $9.30 on Thursday. The company has a market capitalization of $410.32 million, a price-to-earnings ratio of 14.76 and a beta of 1.29. The firm has a 50 day moving average of $8.41 and a two-hundred day moving average of $10.61. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. AMC Networks has a 12 month low of $7.08 and a 12 month high of $20.97.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.62 by $0.29. The firm had revenue of $599.60 million for the quarter, compared to the consensus estimate of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 earnings per share. As a group, equities analysts anticipate that AMC Networks will post 4.09 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Networks

Several hedge funds and other institutional investors have recently modified their holdings of AMCX. Quarry LP raised its stake in AMC Networks by 119.2% during the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after purchasing an additional 2,336 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of AMC Networks during the first quarter valued at about $60,000. Innealta Capital LLC bought a new stake in shares of AMC Networks in the second quarter valued at about $48,000. nVerses Capital LLC acquired a new stake in AMC Networks during the third quarter worth about $55,000. Finally, EMC Capital Management increased its stake in AMC Networks by 23.8% during the first 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 during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

About AMC Networks

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.