River Road Asset Management LLC purchased a new stake in shares of AMC Networks Inc (NASDAQ:AMCX) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 250,030 shares of the company’s stock, valued at approximately $13,522,000.

Several other institutional investors have also added to or reduced their stakes in AMCX. PNC Financial Services Group Inc. raised its holdings in shares of 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. Thrivent Financial For Lutherans raised its holdings in shares of AMC Networks by 6.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,150 shares of the company’s stock valued at $596,000 after purchasing an additional 653 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of AMC Networks by 6.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 51,669 shares of the company’s stock valued at $2,760,000 after purchasing an additional 3,133 shares in the last quarter. Northern Trust Corp raised its holdings in shares of AMC Networks by 4.5% during the 2nd quarter. Northern Trust Corp now owns 504,721 shares of the company’s stock valued at $26,957,000 after purchasing an additional 21,722 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of AMC Networks by 9.9% during the 2nd quarter. FMR LLC now owns 1,172,084 shares of the company’s stock valued at $62,601,000 after purchasing an additional 105,290 shares in the last quarter. Institutional investors and hedge funds own 86.47% of the company’s stock.

AMC Networks Inc (NASDAQ AMCX) opened at $50.58 on Friday. AMC Networks Inc has a twelve month low of $46.89 and a twelve month high of $67.61. 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 $3,137.07, a PE ratio of 9.98, a PEG ratio of 0.93 and a beta of 0.91.

Several research analysts recently commented on the stock. BidaskClub downgraded shares of AMC Networks from a “sell” rating to a “strong sell” rating in a report on Thursday, January 4th. Guggenheim downgraded shares of AMC Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Loop Capital dropped their target price on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Finally, TheStreet downgraded shares of AMC Networks from a “b-” rating to a “c” rating in a report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. AMC Networks has a consensus rating of “Hold” and a consensus target price of $62.42.

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AMC Networks Company 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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