Americafirst Capital Management LLC bought a new position in AMC Networks Inc. (NASDAQ:AMCX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,859 shares of the company’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. World Asset Management Inc raised its holdings in shares of AMC Networks by 0.3% in the 2nd quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock worth $212,000 after buying an additional 12 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in AMC Networks by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after purchasing an additional 88 shares in the last quarter. Wrapmanager Inc. increased its holdings in AMC Networks by 3.2% during the 2nd quarter. Wrapmanager Inc. now owns 4,102 shares of the company’s stock valued at $219,000 after purchasing an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AMC Networks by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after purchasing an additional 181 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in AMC Networks by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock valued at $769,000 after purchasing an additional 200 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts recently weighed in on the company. Guggenheim cut AMC Networks from a “buy” rating to a “neutral” rating in a report on Thursday. Wells Fargo & Company assumed coverage on AMC Networks in a report on Tuesday. They set an “outperform” rating and a $72.00 price target for the company. Cowen and Company reaffirmed a “hold” rating and set a $53.00 price target on shares of AMC Networks in a report on Thursday, September 21st. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of AMC Networks in a report on Tuesday, September 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $65.00 price target on shares of AMC Networks in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $59.00.

Shares of AMC Networks Inc. (NASDAQ AMCX) traded up 3.64% on Friday, reaching $55.74. The company’s stock had a trading volume of 1,256,459 shares. The firm has a 50 day moving average of $58.48 and a 200 day moving average of $57.75. The company has a market cap of $3.54 billion, a PE ratio of 12.18 and a beta of 1.06. AMC Networks Inc. has a 52-week low of $46.17 and a 52-week high of $67.61.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.47. The company had revenue of $710.55 million during the quarter, compared to the consensus estimate of $715.23 million. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 earnings per share. Analysts predict that AMC Networks Inc. will post $6.67 earnings per share for the current year.

AMC Networks Profile

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. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

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Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)

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