XTX Topco Ltd Acquires 36,999 Shares of AMC Networks Inc. (NASDAQ:AMCX)

XTX Topco Ltd raised its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 333.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,093 shares of the company’s stock after buying an additional 36,999 shares during the period. XTX Topco Ltd’s holdings in AMC Networks were worth $418,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP boosted its holdings in shares of 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 buying an additional 2,336 shares during the period. Innealta Capital LLC acquired a new position in AMC Networks during the 2nd quarter worth $48,000. nVerses Capital LLC bought a new stake in AMC Networks during the third quarter valued at about $55,000. Quantinno Capital Management LP acquired a new stake in shares of AMC Networks in the third quarter valued at about $88,000. Finally, FORA Capital LLC bought a new position in shares of AMC Networks in the third quarter worth about $89,000. 78.51% of the stock is currently owned by institutional investors.

AMC Networks Stock Down 2.2 %

AMCX stock opened at $9.70 on Monday. AMC Networks Inc. has a twelve month low of $7.08 and a twelve month high of $20.97. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. The company has a market cap of $427.97 million, a PE ratio of 15.40 and a beta of 1.34. The business’s 50-day simple moving average is $8.74 and its 200 day simple moving average is $9.94.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The company had revenue of $599.60 million during the quarter, compared to the consensus estimate of $587.12 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. On average, research analysts anticipate that AMC Networks Inc. will post 4.09 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on AMCX. 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 AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley dropped their target price on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AMC Networks has an average rating of “Hold” and an average target price of $8.50.

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.