Linden Thomas Advisory Services LLC Boosts Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Linden Thomas Advisory Services LLC lifted its position in AMC Networks Inc. (NASDAQ:AMCX) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,278 shares of the company’s stock after buying an additional 6,914 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.11% of AMC Networks worth $488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of AMC Networks by 18.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock valued at $15,703,000 after buying an additional 250,738 shares during the period. Geode Capital Management LLC raised its holdings in shares of AMC Networks by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 775,596 shares of the company’s stock valued at $6,741,000 after buying an additional 31,378 shares during the period. Barclays PLC grew its stake in AMC Networks by 8.5% during the 3rd quarter. Barclays PLC now owns 554,837 shares of the company’s stock worth $4,821,000 after purchasing an additional 43,623 shares in the last quarter. Dana Investment Advisors Inc. grew its stake in AMC Networks by 40.8% during the 2nd quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock worth $5,164,000 after purchasing an additional 154,927 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in AMC Networks during the 2nd quarter worth $4,456,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley lowered their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.50.

AMC Networks Trading Up 6.0 %

NASDAQ:AMCX opened at $10.01 on Monday. The stock has a 50-day simple moving average of $9.41 and a 200-day simple moving average of $9.24. The stock has a market cap of $441.64 million, a P/E ratio of 15.89 and a beta of 1.32. AMC Networks Inc. has a 1 year low of $7.08 and a 1 year high of $19.27. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.29. The business 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%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 EPS. As a group, analysts anticipate that AMC Networks Inc. will post 4.09 earnings per share for the current fiscal year.

AMC Networks 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.