AMC Networks Inc. (NASDAQ:AMCX) Shares Purchased by Barclays PLC

Barclays PLC raised its stake in AMC Networks Inc. (NASDAQ:AMCX) by 8.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 554,837 shares of the company’s stock after buying an additional 43,623 shares during the period. Barclays PLC owned approximately 1.26% of AMC Networks worth $4,821,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMCX. Dimensional Fund Advisors LP raised its position in AMC Networks by 18.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock worth $15,703,000 after acquiring an additional 250,738 shares during the last quarter. American Century Companies Inc. raised its position in shares of AMC Networks by 6.8% during the 2nd quarter. American Century Companies Inc. now owns 707,708 shares of the company’s stock worth $6,836,000 after purchasing an additional 45,266 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in AMC Networks by 40.8% in the 2nd quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock valued at $5,164,000 after buying an additional 154,927 shares in the last quarter. Marshall Wace LLP acquired a new stake in AMC Networks during the 2nd quarter valued at $4,456,000. Finally, Allspring Global Investments Holdings LLC increased its position in AMC Networks by 20.8% during the third 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 in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

AMC Networks Stock Performance

NASDAQ AMCX opened at $9.37 on Friday. The business’s 50-day moving average price is $8.89 and its 200 day moving average price is $9.76. 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 twelve month low of $7.08 and a twelve month high of $19.55. The company has a market capitalization of $413.41 million, a PE ratio of 14.87 and a beta of 1.34.

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

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.