AMC Networks Inc. (NASDAQ:AMCX) Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp raised its stake in AMC Networks Inc. (NASDAQ:AMCX) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,762 shares of the company’s stock after acquiring an additional 8,419 shares during the quarter. Money Concepts Capital Corp’s holdings in AMC Networks were worth $453,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMCX. Northwestern Mutual Wealth Management Co. lifted its holdings in AMC Networks by 75.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,986 shares of the company’s stock valued at $106,000 after acquiring an additional 4,735 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of AMC Networks by 6.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after buying an additional 2,150 shares during the period. nVerses Capital LLC acquired a new position in shares of AMC Networks during the 3rd quarter worth approximately $55,000. Allspring Global Investments Holdings LLC raised its stake in shares of AMC Networks by 20.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 336,754 shares of the company’s stock worth $2,926,000 after buying an additional 57,952 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of AMC Networks during the 3rd quarter worth approximately $165,000. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Stock Down 0.3 %

Shares of AMCX opened at $9.42 on Friday. 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 Inc. has a one year low of $7.08 and a one year high of $18.58. The stock has a market capitalization of $415.61 million, a price-to-earnings ratio of 14.95 and a beta of 1.31. The stock has a 50 day moving average price of $9.48 and a 200 day moving average price of $9.22.

AMC Networks (NASDAQ:AMCX) last issued its quarterly 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. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The firm had revenue of $599.60 million during the quarter, compared to analysts’ expectations of $587.12 million. During the same period in the previous year, the business earned $1.85 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities research analysts forecast that AMC Networks Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMCX shares. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley reduced 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 equities research analysts have rated the stock with a sell rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and a consensus target price of $8.50.

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.