17,798 Shares in AMC Networks Inc. (NASDAQ:AMCX) Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC bought a new position in AMC Networks Inc. (NASDAQ:AMCX) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 17,798 shares of the company’s stock, valued at approximately $176,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in AMC Networks by 5.1% in the 4th quarter. Empowered Funds LLC now owns 184,535 shares of the company’s stock worth $1,827,000 after acquiring an additional 9,035 shares during the last quarter. Money Concepts Capital Corp increased its stake in AMC Networks by 22.5% in the 4th quarter. Money Concepts Capital Corp now owns 45,762 shares of the company’s stock worth $453,000 after acquiring an additional 8,419 shares during the last quarter. R Squared Ltd bought a new position in AMC Networks in the 4th quarter worth about $59,000. Linden Thomas Advisory Services LLC increased its stake in AMC Networks by 16.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 49,278 shares of the company’s stock worth $488,000 after acquiring an additional 6,914 shares during the last quarter. Finally, Range Financial Group LLC bought a new position in AMC Networks in the 4th quarter worth about $172,000. 78.51% of the stock is currently owned by institutional investors.

AMC Networks Price Performance

Shares of AMC Networks stock opened at $9.70 on Tuesday. The business’s 50-day moving average price is $9.49 and its 200-day moving average price is $9.19. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03. AMC Networks Inc. has a 12 month low of $7.08 and a 12 month high of $18.58. The firm has a market capitalization of $427.96 million, a PE ratio of 15.40 and a beta of 1.31.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results 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. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The business had revenue of $599.60 million for the quarter, compared to analyst estimates of $587.12 million. During the same period last year, the company earned $1.85 EPS. AMC Networks’s revenue for the quarter was down 5.9% compared to the same quarter last year. Sell-side analysts forecast that AMC Networks Inc. will post 4.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMCX has been the topic of a number of research analyst reports. Morgan Stanley decreased their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.50.

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.