Clear Harbor Asset Management LLC purchased a new stake in shares of AMC Networks Inc. (NASDAQ:AMCX – Free Report) during the third quarter, Holdings Channel.com reports. The fund purchased 18,970 shares of the company’s stock, valued at approximately $165,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of AMC Networks during the 2nd quarter worth approximately $4,456,000. Dimensional Fund Advisors LP lifted its holdings in AMC Networks by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock worth $15,703,000 after acquiring an additional 250,738 shares during the period. Allspring Global Investments Holdings LLC boosted its position in AMC Networks by 234.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 278,802 shares of the company’s stock worth $2,693,000 after purchasing an additional 195,444 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in AMC Networks in the 2nd quarter valued at $1,569,000. Finally, Dana Investment Advisors Inc. increased its position in shares of AMC Networks by 40.8% during the 2nd 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 last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.
AMC Networks Trading Down 0.5 %
AMC Networks stock opened at $8.09 on Monday. 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 Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $20.97. The stock has a market cap of $352.42 million, a P/E ratio of 2.27 and a beta of 1.28. The firm’s fifty day moving average price is $8.72 and its 200-day moving average price is $10.96.
Analyst Ratings Changes
AMCX has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. 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 report on Monday, August 12th. Finally, StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.50.
Get Our Latest Stock Report on AMCX
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.
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