Shares of AMC Networks Inc. (NASDAQ:AMCX) fell 4% on Friday . The company traded as low as $56.35 and last traded at $56.68, with a volume of 932,358 shares. The stock had previously closed at $59.07.

A number of equities analysts recently commented on AMCX shares. Zacks Investment Research raised shares of AMC Networks from a “sell” rating to a “hold” rating and set a $78.00 price target for the company in a research note on Monday, May 9th. Pacific Crest reaffirmed a “buy” rating on shares of AMC Networks in a research note on Sunday, May 22nd. Macquarie raised shares of AMC Networks from a “neutral” rating to an “outperform” rating and set a $82.00 price target for the company in a research note on Tuesday, April 26th. Topeka Capital Markets dropped their price target on shares of AMC Networks from $71.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, March 30th. Finally, TheStreet cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Monday, March 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.23.

The stock has a market capitalization of $4.11 billion and a PE ratio of 11.54. The company has a 50-day moving average of $60.17 and a 200-day moving average of $65.81.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, May 5th. The company reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.20. During the same period in the prior year, the firm earned $1.66 EPS. The company earned $707 million during the quarter, compared to analyst estimates of $695.47 million. AMC Networks’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts forecast that AMC Networks Inc. will post $5.89 earnings per share for the current year.

A number of hedge funds recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of AMC Networks by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,658 shares of the company’s stock valued at $1,319,000 after buying an additional 83 shares in the last quarter. BOKF NA raised its stake in shares of AMC Networks by 3.2% in the fourth quarter. BOKF NA now owns 56,541 shares of the company’s stock valued at $4,222,000 after buying an additional 1,737 shares in the last quarter. Rhumbline Advisers raised its stake in shares of AMC Networks by 1.7% in the fourth quarter. Rhumbline Advisers now owns 107,834 shares of the company’s stock valued at $8,053,000 after buying an additional 1,780 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of AMC Networks by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 198,664 shares of the company’s stock valued at $14,836,000 after buying an additional 4,693 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of AMC Networks by 8.9% in the fourth quarter. Sei Investments Co. now owns 79,353 shares of the company’s stock valued at $5,926,000 after buying an additional 6,499 shares in the last quarter.

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. The Company operates through two segments: National Networks, and International and Other. The National Networks segment principally includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

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