Texas Permanent School Fund cut its holdings in shares of Amc Networks Inc (NASDAQ:AMCX) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,056 shares of the company’s stock after selling 706 shares during the quarter. Texas Permanent School Fund owned about 0.05% of Amc Networks worth $1,478,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of AMCX. Marshall Wace LLP acquired a new position in Amc Networks during the first quarter worth about $128,000. FMR LLC boosted its position in Amc Networks by 5.8% during the first quarter. FMR LLC now owns 414,800 shares of the company’s stock worth $23,544,000 after acquiring an additional 22,683 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Amc Networks during the second quarter worth about $346,000. Empirical Finance LLC boosted its position in Amc Networks by 0.9% during the second quarter. Empirical Finance LLC now owns 37,981 shares of the company’s stock worth $2,070,000 after acquiring an additional 332 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in Amc Networks by 0.6% during the second quarter. Retirement Systems of Alabama now owns 126,654 shares of the company’s stock worth $6,901,000 after acquiring an additional 727 shares during the last quarter. Hedge funds and other institutional investors own 85.69% of the company’s stock.
NASDAQ:AMCX traded up $0.34 on Monday, hitting $41.75. The stock had a trading volume of 499,027 shares, compared to its average volume of 572,135. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 5.00. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 4.80, a PEG ratio of 0.49 and a beta of 0.82. The company has a fifty day moving average price of $46.70 and a two-hundred day moving average price of $51.96. Amc Networks Inc has a 1-year low of $39.53 and a 1-year high of $68.42.
Amc Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, October 31st. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.65. The company had revenue of $718.60 million for the quarter, compared to analyst estimates of $734.61 million. Amc Networks had a net margin of 15.12% and a return on equity of 106.13%. Amc Networks’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.15 EPS. As a group, analysts anticipate that Amc Networks Inc will post 9.01 earnings per share for the current year.
Several research firms have weighed in on AMCX. Bank of America lowered shares of Amc Networks from a “buy” rating to a “neutral” rating and set a $44.96 target price on the stock. in a report on Wednesday, October 30th. Wolfe Research upgraded shares of Amc Networks from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 30th. Evercore ISI lowered shares of Amc Networks from an “in-line” rating to an “underperform” rating and set a $50.00 target price on the stock. in a report on Monday, October 14th. Imperial Capital lowered shares of Amc Networks from an “in-line” rating to an “underperform” rating and decreased their target price for the company from $53.00 to $41.00 in a report on Tuesday, October 29th. Finally, Deutsche Bank decreased their target price on shares of Amc Networks from $60.00 to $49.00 and set a “hold” rating on the stock in a report on Monday, November 4th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.71.
Amc Networks Profile
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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