AMC Networks Inc. (AMCX) Shares Bought by Boston Partners
Boston Partners lifted its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 388,842 shares of the company’s stock after purchasing an additional 8,568 shares during the period. Boston Partners owned about 0.61% of AMC Networks worth $22,736,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Advisor Group Inc. lifted its position in shares of AMC Networks by 24.4% during the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock worth $112,000 after purchasing an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AMC Networks by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after acquiring an additional 181 shares during the period. Americafirst Capital Management LLC acquired a new stake in AMC Networks during the second quarter worth about $153,000. Riverhead Capital Management LLC raised its stake in AMC Networks by 69.9% during the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock worth $172,000 after acquiring an additional 1,328 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in AMC Networks by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after acquiring an additional 88 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.
AMC Networks Inc. (AMCX) opened at $47.97 on Tuesday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53. The stock 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. AMC Networks Inc. has a 1-year low of $47.13 and a 1-year high of $67.61.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.53. The business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. analysts anticipate that AMC Networks Inc. will post 7.01 EPS for the current fiscal year.
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Several equities research analysts recently weighed in on AMCX shares. BidaskClub upgraded shares of AMC Networks from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and set a $65.00 price objective (up previously from $60.00) on shares of AMC Networks in a research note on Friday, August 4th. Sanford C. Bernstein reiterated a “market perform” rating on shares of AMC Networks in a research note on Tuesday, September 12th. Finally, Cowen and Company reiterated a “hold” rating and set a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. AMC Networks has a consensus rating of “Hold” and a consensus target price of $58.00.
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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