Janus Henderson Group PLC Purchases New Holdings in Amc Networks Inc (AMCX)

Janus Henderson Group PLC purchased a new position in shares of Amc Networks Inc (NASDAQ:AMCX) in the third quarter, HoldingsChannel.com reports. The fund purchased 13,507 shares of the company’s stock, valued at approximately $896,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank acquired a new stake in shares of Amc Networks during the 3rd quarter worth approximately $123,000. IFG Advisory LLC acquired a new stake in shares of Amc Networks during the 3rd quarter worth approximately $209,000. Piedmont Investment Advisors Inc. acquired a new stake in shares of Amc Networks during the 3rd quarter worth approximately $210,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Amc Networks during the 2nd quarter worth approximately $213,000. Finally, Advisors Preferred LLC increased its holdings in shares of Amc Networks by 89.4% during the 3rd quarter. Advisors Preferred LLC now owns 3,806 shares of the company’s stock worth $252,000 after buying an additional 1,797 shares during the last quarter. Institutional investors and hedge funds own 85.97% of the company’s stock.

Amc Networks stock opened at $56.57 on Friday. Amc Networks Inc has a fifty-two week low of $48.00 and a fifty-two week high of $69.02. The company has a debt-to-equity ratio of 10.69, a current ratio of 2.51 and a quick ratio of 2.51. The company has a market capitalization of $3.20 billion, a P/E ratio of 6.73, a P/E/G ratio of 0.93 and a beta of 0.84.



Amc Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, November 1st. The company reported $2.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.37. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The firm had revenue of $696.87 million during the quarter, compared to the consensus estimate of $693.20 million. During the same quarter last year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts expect that Amc Networks Inc will post 8.27 EPS for the current year.

A number of analysts have recently issued reports on the stock. Goldman Sachs Group downgraded shares of Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 price target for the company. in a report on Thursday, October 4th. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Zacks Investment Research downgraded shares of Amc Networks from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Deutsche Bank raised their price target on shares of Amc Networks from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, November 5th. Finally, BidaskClub upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a report on Friday, September 28th. 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. Amc Networks presently has a consensus rating of “Hold” and a consensus target price of $62.20.

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About Amc Networks

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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Institutional Ownership by Quarter for Amc Networks (NASDAQ:AMCX)

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