Teacher Retirement System of Texas boosted its position in AMC Networks Inc (NASDAQ:AMCX) by 295.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,136 shares of the company’s stock after buying an additional 13,547 shares during the period. Teacher Retirement System of Texas’ holdings in AMC Networks were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in AMC Networks by 46.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock valued at $172,000 after buying an additional 1,008 shares during the last quarter. Brown Advisory Inc. purchased a new stake in AMC Networks in the third quarter valued at approximately $203,000. Parametrica Management Ltd purchased a new stake in AMC Networks in the fourth quarter valued at approximately $212,000. Raymond James Financial Services Advisors Inc. purchased a new stake in AMC Networks in the third quarter valued at approximately $218,000. Finally, Quantbot Technologies LP boosted its position in AMC Networks by 257.6% in the third quarter. Quantbot Technologies LP now owns 5,103 shares of the company’s stock valued at $298,000 after buying an additional 3,676 shares during the last quarter. Hedge funds and other institutional investors own 87.60% of the company’s stock.

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AMCX has been the topic of several recent research reports. TheStreet upgraded AMC Networks from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. Zacks Investment Research upgraded AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, January 2nd. ValuEngine upgraded AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Morgan Stanley upped their price objective on AMC Networks from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Cowen restated a “hold” rating and issued a $63.00 price objective on shares of AMC Networks in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $59.80.

AMC Networks Inc (AMCX) opened at $53.39 on Monday. AMC Networks Inc has a 52-week low of $46.89 and a 52-week high of $67.44. The stock has a market capitalization of $3,300.00, a P/E ratio of 8.74, a PEG ratio of 0.88 and a beta of 0.84. The company has a debt-to-equity ratio of 19.07, a quick ratio of 2.53 and a current ratio of 2.53.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, March 1st. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.19. AMC Networks had a return on equity of 531.46% and a net margin of 16.80%. The firm had revenue of $726.93 million for the quarter, compared to analyst estimates of $730.82 million. During the same quarter last year, the firm posted $1.30 EPS. The business’s revenue was down .4% on a year-over-year basis. analysts expect that AMC Networks Inc will post 7.26 earnings per share for the current fiscal year.

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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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