Segall Bryant & Hamill LLC Raises Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Segall Bryant & Hamill LLC raised its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 2.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,830 shares of the company’s stock after purchasing an additional 3,669 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in AMC Networks were worth $1,537,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AMCX. Royce & Associates LP raised its holdings in AMC Networks by 134.0% in the 3rd quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock valued at $1,267,000 after buying an additional 83,476 shares during the period. WINTON GROUP Ltd increased its position in shares of AMC Networks by 361.2% during the second quarter. WINTON GROUP Ltd now owns 93,486 shares of the company’s stock valued at $903,000 after acquiring an additional 73,216 shares during the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of AMC Networks in the 2nd quarter valued at approximately $1,569,000. Squarepoint Ops LLC lifted its holdings in shares of AMC Networks by 194.0% in the 2nd quarter. Squarepoint Ops LLC now owns 124,174 shares of the company’s stock worth $1,200,000 after acquiring an additional 81,937 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of AMC Networks by 72.9% during the 2nd quarter. AQR Capital Management LLC now owns 313,605 shares of the company’s stock worth $3,029,000 after purchasing an additional 132,207 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AMCX shares. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company lowered their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Finally, Morgan Stanley cut their price target on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. Two equities research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.50.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $9.41 on Friday. The company has a market cap of $415.17 million, a price-to-earnings ratio of 14.94 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. AMC Networks Inc. has a 52 week low of $7.08 and a 52 week high of $20.97. The company has a fifty day simple moving average of $8.41 and a two-hundred day simple moving average of $10.65.

AMC Networks (NASDAQ:AMCX) last released 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 during the quarter, compared to analysts’ expectations of $587.12 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. AMC Networks’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 EPS. As a group, equities analysts anticipate that AMC Networks Inc. will post 4.09 earnings per share for the current fiscal year.

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.