Oregon Public Employees Retirement Fund decreased its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,200 shares of the company’s stock after selling 1,594 shares during the period. Oregon Public Employees Retirement Fund’s holdings in AMC Networks were worth $1,123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Inc. grew its stake in AMC Networks by 24.4% during the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after acquiring an additional 414 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $116,000 after acquiring an additional 181 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in AMC Networks during the second quarter valued at approximately $153,000. Riverhead Capital Management LLC grew 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 valued at $172,000 after acquiring an additional 1,328 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew 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 valued at $175,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

AMC Networks Inc. (AMCX) opened at $47.93 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. The stock has a market cap of $2,967.57, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.90 and a beta of 1.09. AMC Networks Inc. has a 1 year low of $46.89 and a 1 year high of $67.61.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.53. The business had revenue of $648.00 million for the quarter, compared to the consensus estimate of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 EPS. equities research analysts predict that AMC Networks Inc. will post 7.01 earnings per share for the current year.

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AMCX has been the subject of a number of research reports. Piper Jaffray Companies set a $60.00 price target on shares of AMC Networks and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Jefferies Group LLC cut their price target on shares of AMC Networks from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Loop Capital cut their price target on shares of AMC Networks from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, October 19th. TheStreet raised shares of AMC Networks from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Finally, BidaskClub raised shares of AMC Networks from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. 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 given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $59.62.

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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