WINTON GROUP Ltd Grows Position in AMC Networks Inc. (NASDAQ:AMCX)

WINTON GROUP Ltd raised its position in AMC Networks Inc. (NASDAQ:AMCX) by 361.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,486 shares of the company’s stock after acquiring an additional 73,216 shares during the quarter. WINTON GROUP Ltd owned approximately 0.21% of AMC Networks worth $903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMCX. RWWM Inc. lifted its position in shares of AMC Networks by 193.7% during the 4th quarter. RWWM Inc. now owns 515,432 shares of the company’s stock worth $9,682,000 after purchasing an additional 339,912 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of AMC Networks by 234.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 278,802 shares of the company’s stock worth $2,693,000 after acquiring an additional 195,444 shares in the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of AMC Networks in the 2nd quarter valued at about $1,569,000. Charles Schwab Investment Management Inc. raised its position in shares of AMC Networks by 11.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,529,595 shares of the company’s stock worth $28,741,000 after acquiring an additional 155,346 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in AMC Networks during the first quarter worth approximately $1,877,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMCX shares. StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Wells Fargo & Company reduced their price target 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. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

AMC Networks Stock Down 0.5 %

AMCX stock opened at $8.65 on Tuesday. The company has a market cap of $376.81 million, a price-to-earnings ratio of 2.46 and a beta of 1.29. The company has a fifty day moving average price of $9.96 and a 200 day moving average price of $11.80. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.13 and a quick ratio of 2.13. AMC Networks Inc. has a 12 month low of $7.51 and a 12 month high of $20.97.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, August 9th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.28). The business 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%. AMC Networks’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company posted $2.02 EPS. Sell-side analysts expect that AMC Networks Inc. will post 4.86 earnings per share for the current year.

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.