Shares of AMC Networks Inc. (NASDAQ:AMCX) fell 1.3% during mid-day trading on Tuesday . The stock traded as low as $54.85 and last traded at $54.97, with a volume of 438,270 shares traded. The stock had previously closed at $55.68.

Several research firms recently issued reports on AMCX. TheStreet upgraded AMC Networks to a “buy” rating in a research report on Thursday, May 26th. Zacks Investment Research cut AMC Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Albert Fried & Company reiterated a “buy” rating and set a $97.00 target price on shares of AMC Networks in a research report on Wednesday, June 22nd. Jefferies Group restated a “hold” rating on shares of AMC Networks in a report on Monday. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of AMC Networks in a report on Friday, June 17th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $77.03.

The stock has a 50 day moving average price of $56.22 and a 200 day moving average price of $62.09. The firm has a market capitalization of $3.87 billion and a PE ratio of 11.29.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, August 4th. The company reported $1.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.28. During the same period in the previous year, the company posted $1.14 EPS. The business earned $685 million during the quarter, compared to analyst estimates of $676.87 million. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that AMC Networks Inc. will post $5.60 earnings per share for the current fiscal year.

Other institutional investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP boosted its position in shares of AMC Networks by 49.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 525,156 shares of the company’s stock worth $39,219,000 after buying an additional 174,527 shares during the last quarter. Morgan Stanley boosted its position in shares of AMC Networks by 166.3% in the fourth quarter. Morgan Stanley now owns 251,563 shares of the company’s stock worth $18,787,000 after buying an additional 157,113 shares during the last quarter. Principal Financial Group Inc. boosted its position 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 worth $14,836,000 after buying an additional 4,693 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of AMC Networks by 21.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 126,455 shares of the company’s stock worth $9,444,000 after buying an additional 22,400 shares during 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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