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

AMC Networks Inc. (NASDAQ:AMCX) has been assigned an average recommendation of “Hold” from the three research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $8.50.

Several analysts have commented on AMCX shares. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley reduced their price target on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On AMC Networks

A number of large investors have recently modified their holdings of AMCX. Royce & Associates LP grew its position in shares of 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 last quarter. BNP Paribas Financial Markets boosted its position in shares of AMC Networks by 163.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock valued at $778,000 after purchasing an additional 55,565 shares during the period. WINTON GROUP Ltd increased its position in AMC Networks by 361.2% during the second quarter. WINTON GROUP Ltd now owns 93,486 shares of the company’s stock worth $903,000 after buying an additional 73,216 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of AMC Networks by 194.0% in the second quarter. Squarepoint Ops LLC now owns 124,174 shares of the company’s stock valued at $1,200,000 after acquiring an additional 81,937 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of AMC Networks by 72.9% during the second quarter. AQR Capital Management LLC now owns 313,605 shares of the company’s stock worth $3,029,000 after acquiring an additional 132,207 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

AMC Networks Trading Down 4.5 %

Shares of NASDAQ:AMCX opened at $9.15 on Friday. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market capitalization of $403.71 million, a P/E ratio of 14.52 and a beta of 1.32. The business’s 50-day moving average is $9.32 and its 200 day moving average is $9.29. AMC Networks has a 1 year low of $7.08 and a 1 year high of $19.44.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.29. The company had revenue of $599.60 million for the quarter, compared to the consensus estimate of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. AMC Networks’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. On average, research analysts predict that AMC Networks 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.