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

Shares of AMC Networks Inc. (NASDAQ:AMCX) have received an average rating of “Hold” from the three research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.50.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased 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 note on Monday, August 12th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in AMC Networks in the 2nd quarter worth approximately $4,456,000. Dimensional Fund Advisors LP increased its stake in AMC Networks by 18.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock valued at $15,703,000 after purchasing an additional 250,738 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in AMC Networks by 234.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 278,802 shares of the company’s stock worth $2,693,000 after buying an additional 195,444 shares during the period. Koss Olinger Consulting LLC acquired a new stake in AMC Networks in the 2nd quarter worth about $1,569,000. Finally, Dana Investment Advisors Inc. grew its holdings in AMC Networks by 40.8% in the second quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock valued at $5,164,000 after purchasing an additional 154,927 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

AMC Networks Stock Down 2.1 %

AMCX opened at $8.10 on Friday. AMC Networks has a one year low of $7.08 and a one year high of $20.97. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market capitalization of $357.19 million, a P/E ratio of 6.18 and a beta of 1.28. The business’s 50-day simple moving average is $8.60 and its 200-day simple moving average is $10.90.

AMC Networks (NASDAQ:AMCX) last announced its earnings results 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%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.02 earnings per share. Analysts anticipate that AMC Networks will post 4.86 EPS 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.