Shares of Amc Networks Inc (NASDAQ:AMCX) have earned an average recommendation of “Hold” from the nineteen research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $60.70.
A number of analysts have issued reports on AMCX shares. ValuEngine downgraded Amc Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. BidaskClub raised Amc Networks from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Guggenheim reaffirmed a “hold” rating and issued a $58.00 price objective on shares of Amc Networks in a research note on Friday, July 13th. Imperial Capital started coverage on Amc Networks in a research note on Thursday, July 19th. They issued an “in-line” rating and a $65.00 price objective on the stock. Finally, Zacks Investment Research downgraded Amc Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th.
Institutional investors have recently made changes to their positions in the company. Spark Investment Management LLC boosted its holdings in shares of Amc Networks by 71.3% in the 2nd quarter. Spark Investment Management LLC now owns 101,400 shares of the company’s stock worth $6,307,000 after purchasing an additional 42,200 shares during the period. AMP Capital Investors Ltd boosted its holdings in shares of Amc Networks by 14.7% in the 2nd quarter. AMP Capital Investors Ltd now owns 53,116 shares of the company’s stock worth $3,304,000 after purchasing an additional 6,800 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Amc Networks by 335.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,354 shares of the company’s stock worth $458,000 after purchasing an additional 5,667 shares during the period. RWC Asset Management LLP boosted its holdings in shares of Amc Networks by 4.7% in the 3rd quarter. RWC Asset Management LLP now owns 80,177 shares of the company’s stock worth $5,319,000 after purchasing an additional 3,581 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in Amc Networks by 16.1% during the 2nd quarter. Federated Investors Inc. PA now owns 103,812 shares of the company’s stock valued at $6,458,000 after acquiring an additional 14,401 shares during the period. Hedge funds and other institutional investors own 84.44% of the company’s stock.
Amc Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($0.16). Amc Networks had a return on equity of 278.30% and a net margin of 17.22%. The firm had revenue of $761.39 million during the quarter, compared to the consensus estimate of $731.99 million. During the same period in the previous year, the firm earned $1.88 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that Amc Networks will post 8.26 EPS for the current year.
Amc Networks Company 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.
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