Lingohr & Partner Asset Management GmbH Takes Position in AMC Networks Inc. (AMCX)
Lingohr & Partner Asset Management GmbH acquired a new position in shares of AMC Networks Inc. (NASDAQ:AMCX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,790 shares of the company’s stock, valued at approximately $710,000.
Other large investors have also recently made changes to their positions in the company. Advisor Group Inc. increased its stake in shares of AMC Networks by 24.4% in the 2nd quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after acquiring an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AMC Networks by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after acquiring an additional 181 shares during the last quarter. Americafirst Capital Management LLC bought a new stake in shares of AMC Networks in the 2nd quarter valued at about $153,000. Riverhead Capital Management LLC increased its stake in shares of AMC Networks by 69.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after acquiring an additional 1,328 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of AMC Networks by 2.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after acquiring an additional 88 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $65.00 price target on shares of AMC Networks in a research note on Tuesday, September 12th. Loop Capital lowered their price target on AMC Networks from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Morgan Stanley lowered their price target on AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 31st. Wells Fargo & Company assumed coverage on AMC Networks in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $72.00 price target for the company. Finally, Guggenheim cut AMC Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. AMC Networks presently has an average rating of “Hold” and an average target price of $58.00.
AMC Networks Inc. (NASDAQ:AMCX) traded down $0.81 during midday trading on Monday, hitting $48.46. The stock had a trading volume of 785,300 shares, compared to its average volume of 746,363. The firm has a market cap of $2,997.88, a P/E ratio of 6.96, a PEG ratio of 0.91 and a beta of 1.09. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. AMC Networks Inc. has a 12 month low of $47.13 and a 12 month high of $67.61.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.53. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The business had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $660.79 million. During the same quarter in the prior year, the business earned $1.11 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. equities analysts predict that AMC Networks Inc. will post 7.01 EPS for the current fiscal year.
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About AMC Networks
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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