Thrivent Financial for Lutherans Sells 25,677 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Thrivent Financial for Lutherans cut its position in shares of AMC Networks Inc. (NASDAQ:AMCX) by 16.7% during the 3rd quarter, Holdings Channel reports. The firm owned 127,766 shares of the company’s stock after selling 25,677 shares during the quarter. Thrivent Financial for Lutherans’ holdings in AMC Networks were worth $1,111,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMCX. Price T Rowe Associates Inc. MD grew its holdings in shares of AMC Networks by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock valued at $520,000 after acquiring an additional 1,434 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in AMC Networks by 6.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock valued at $302,000 after purchasing an additional 2,150 shares during the period. Quarry LP increased its position in shares of 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. Entropy Technologies LP raised its stake in shares of AMC Networks by 24.2% during the 3rd quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock worth $125,000 after purchasing an additional 2,800 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of AMC Networks by 10.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 35,841 shares of the company’s stock worth $346,000 after buying an additional 3,322 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on AMCX shares. Morgan Stanley lowered their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, 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. Two investment analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.50.

AMC Networks Price Performance

Shares of NASDAQ:AMCX opened at $9.42 on Monday. The firm has a market capitalization of $415.61 million, a PE ratio of 14.95 and a beta of 1.29. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. The company has a 50-day moving average price of $8.47 and a two-hundred day moving average price of $10.46. AMC Networks Inc. has a twelve month low of $7.08 and a twelve month high of $20.97.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.62 by $0.29. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The company had revenue of $599.60 million during the quarter, compared to the consensus estimate of $587.12 million. During the same period last year, the firm earned $1.85 EPS. AMC Networks’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts forecast that AMC Networks Inc. will post 4.09 EPS for the current year.

AMC Networks 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.