Fort L.P. decreased its stake in shares of AMC NETWORKS INC Common Stock (NASDAQ:AMCX) by 72.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,497 shares of the company’s stock after selling 90,262 shares during the period. Fort L.P.’s holdings in AMC NETWORKS INC Common Stock were worth $2,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMCX. LSV Asset Management increased its holdings in AMC NETWORKS INC Common Stock by 18.5% during the 1st quarter. LSV Asset Management now owns 1,899,380 shares of the company’s stock worth $98,197,000 after purchasing an additional 297,197 shares during the period. Summit Trail Advisors LLC increased its holdings in shares of AMC NETWORKS INC Common Stock by 3,529.7% in the 1st quarter. Summit Trail Advisors LLC now owns 216,039 shares of the company’s stock valued at $216,000 after acquiring an additional 210,087 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of AMC NETWORKS INC Common Stock in the 1st quarter valued at about $7,867,000. Dimensional Fund Advisors LP increased its holdings in shares of AMC NETWORKS INC Common Stock by 32.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 567,798 shares of the company’s stock valued at $29,355,000 after acquiring an additional 139,992 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of AMC NETWORKS INC Common Stock in the 2nd quarter valued at about $8,351,000. Institutional investors own 84.58% of the company’s stock.

A number of research analysts have recently commented on AMCX shares. Royal Bank of Canada set a $65.00 price objective on AMC NETWORKS INC Common Stock and gave the company a “hold” rating in a report on Friday, May 11th. Zacks Investment Research downgraded AMC NETWORKS INC Common Stock from a “buy” rating to a “hold” rating in a report on Monday, August 6th. BidaskClub downgraded AMC NETWORKS INC Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Wells Fargo & Co increased their price objective on AMC NETWORKS INC Common Stock from $46.89 to $67.44 and gave the company an “outperform” rating in a report on Friday, May 11th. Finally, Evercore ISI downgraded AMC NETWORKS INC Common Stock from an “outperform” rating to an “in-line” rating and set a $62.00 price objective on the stock. in a report on Friday, May 11th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. AMC NETWORKS INC Common Stock currently has an average rating of “Hold” and an average price target of $61.80.

AMCX opened at $62.42 on Friday. The stock has a market capitalization of $3.59 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 16.00. AMC NETWORKS INC Common Stock has a one year low of $46.89 and a one year high of $69.02.

AMC NETWORKS INC Common Stock (NASDAQ:AMCX) last announced its earnings results on Thursday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.16). The firm had revenue of $761.39 million during the quarter, compared to analyst estimates of $731.99 million. AMC NETWORKS INC Common Stock had a net margin of 17.22% and a return on equity of 278.30%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. research analysts expect that AMC NETWORKS INC Common Stock will post 8.31 earnings per share for the current year.

In related news, COO Edward A. Carroll sold 11,700 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $66.72, for a total value of $780,624.00. Following the completion of the sale, the chief operating officer now directly owns 42,868 shares of the company’s stock, valued at approximately $2,860,152.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James Gallagher sold 2,300 shares of the company’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $67.01, for a total value of $154,123.00. Following the completion of the sale, the executive vice president now directly owns 15,003 shares of the company’s stock, valued at $1,005,351.03. The disclosure for this sale can be found here. 20.97% of the stock is owned by corporate insiders.

AMC NETWORKS INC Common Stock Profile

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

Further Reading: Understanding Stock Ratings

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Institutional Ownership by Quarter for AMC NETWORKS INC Common Stock (NASDAQ:AMCX)

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