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

Shares of AMC Networks Inc. (NASDAQ:AMCX) have received a consensus rating of “Hold” from the three research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.50.

Several equities analysts have recently issued reports on the company. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lowered their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Finally, StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th.

AMC Networks Stock Performance

AMCX stock opened at $8.21 on Friday. The company has a market capitalization of $362.06 million, a P/E ratio of 6.27 and a beta of 1.28. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.17. The company has a 50-day simple moving average of $8.51 and a 200 day simple moving average of $10.87. AMC Networks has a fifty-two week low of $7.08 and a fifty-two week high of $20.97.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.28). AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The company had revenue of $625.90 million during the quarter, compared to the consensus estimate of $601.41 million. During the same quarter last year, the business earned $2.02 earnings per share. The company’s revenue was down 7.8% on a year-over-year basis. Sell-side analysts predict that AMC Networks will post 4.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Networks

Large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of AMC Networks by 3.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock valued at $520,000 after purchasing an additional 1,434 shares during the last quarter. EMC Capital Management boosted its holdings in shares of AMC Networks by 23.8% in the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock worth $95,000 after buying an additional 1,500 shares during the period. Exchange Traded Concepts LLC increased its position in shares of AMC Networks by 6.6% in the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after acquiring an additional 2,150 shares in the last quarter. Quarry LP raised its holdings in shares of AMC Networks by 119.2% during the second quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after acquiring an additional 2,336 shares during the period. Finally, Swiss National Bank raised its holdings in shares of AMC Networks by 6.1% during the first quarter. Swiss National Bank now owns 57,000 shares of the company’s stock valued at $691,000 after acquiring an additional 3,300 shares during the period. 78.51% of the stock is owned by institutional investors.

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.