AMC Networks Inc. (NASDAQ:AMCX) Receives Consensus Rating of “Hold” from Brokerages

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been assigned an average recommendation of “Hold” from the three brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.50.

AMCX has been the subject of several recent analyst reports. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company reduced their price target on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Finally, Morgan Stanley decreased their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th.

AMC Networks Price Performance

Shares of AMC Networks stock opened at $9.30 on Thursday. The firm has a market cap of $410.32 million, a P/E ratio of 14.76 and a beta of 1.29. The firm’s 50-day simple moving average is $8.41 and its 200-day simple moving average is $10.61. AMC Networks has a twelve month low of $7.08 and a twelve month high of $20.97. 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 for the quarter, beating analysts’ consensus estimates of $0.62 by $0.29. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The company had revenue of $599.60 million for the quarter, compared to the consensus estimate of $587.12 million. During the same period in the previous year, the business earned $1.85 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, research analysts expect that AMC Networks will post 4.09 EPS for the current fiscal year.

Institutional Trading of AMC Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in AMCX. Quarry LP grew its holdings in AMC Networks by 119.2% during the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after acquiring an additional 2,336 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of AMC Networks in the first quarter worth about $60,000. Innealta Capital LLC acquired a new position in shares of AMC Networks during the second quarter worth approximately $48,000. nVerses Capital LLC acquired a new position in shares of AMC Networks during the third quarter worth approximately $55,000. Finally, EMC Capital Management grew its stake in shares of AMC Networks by 23.8% during the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after purchasing an additional 1,500 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.