XTX Topco Ltd Acquires Shares of 11,094 AMC Networks Inc. (NASDAQ:AMCX)

XTX Topco Ltd bought a new position in AMC Networks Inc. (NASDAQ:AMCX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,094 shares of the company’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. RWWM Inc. lifted its position in AMC Networks by 193.7% in the fourth quarter. RWWM Inc. now owns 515,432 shares of the company’s stock valued at $9,682,000 after purchasing an additional 339,912 shares during the period. Privium Fund Management UK Ltd boosted its stake in shares of AMC Networks by 38.3% in the fourth quarter. Privium Fund Management UK Ltd now owns 19,982 shares of the company’s stock valued at $375,000 after buying an additional 5,531 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of AMC Networks by 2.0% in the fourth quarter. Schroder Investment Management Group now owns 1,010,729 shares of the company’s stock valued at $18,992,000 after buying an additional 19,794 shares in the last quarter. Range Financial Group LLC acquired a new position in AMC Networks during the first quarter worth $160,000. Finally, DGS Capital Management LLC purchased a new position in AMC Networks in the first quarter worth $313,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Down 1.8 %

AMC Networks stock opened at $8.53 on Wednesday. AMC Networks Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $20.97. The firm has a market capitalization of $371.58 million, a price-to-earnings ratio of 2.39 and a beta of 1.29. The stock’s fifty day moving average is $9.54 and its two-hundred day moving average is $11.48. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMCX shares. StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Wells Fargo & Company lowered their target price on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.00.

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.