Tower Research Capital LLC TRC Acquires 6,943 Shares of Amc Networks Inc (NASDAQ:AMCX)

Tower Research Capital LLC TRC grew its holdings in Amc Networks Inc (NASDAQ:AMCX) by 363.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,853 shares of the company’s stock after purchasing an additional 6,943 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Amc Networks were worth $482,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMCX. Trust Co. of Vermont bought a new stake in shares of Amc Networks in the 2nd quarter valued at about $27,000. TRUE Private Wealth Advisors bought a new position in shares of Amc Networks during the 2nd quarter worth approximately $29,000. Resources Investment Advisors LLC. bought a new position in shares of Amc Networks during the 2nd quarter worth approximately $44,000. Icon Wealth Partners LLC bought a new position in shares of Amc Networks during the 1st quarter worth approximately $79,000. Finally, Bremer Bank National Association bought a new position in shares of Amc Networks during the 1st quarter worth approximately $92,000. Institutional investors and hedge funds own 85.87% of the company’s stock.

Amc Networks stock traded down $0.05 during mid-day trading on Wednesday, reaching $50.56. 12,738 shares of the company traded hands, compared to its average volume of 416,819. The company has a debt-to-equity ratio of 5.80, a current ratio of 2.65 and a quick ratio of 2.65. Amc Networks Inc has a fifty-two week low of $46.31 and a fifty-two week high of $68.42. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 5.81, a price-to-earnings-growth ratio of 0.64 and a beta of 0.86. The firm’s fifty day moving average is $50.46 and its two-hundred day moving average is $55.31.



Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $2.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.65. Amc Networks had a net margin of 15.04% and a return on equity of 127.16%. The business had revenue of $772.30 million for the quarter, compared to analyst estimates of $783.03 million. During the same quarter in the prior year, the business posted $1.93 EPS. Amc Networks’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that Amc Networks Inc will post 8.73 earnings per share for the current year.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of Amc Networks from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Gabelli reiterated a “buy” rating on shares of Amc Networks in a research note on Tuesday, June 11th. TheStreet lowered shares of Amc Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Wolfe Research upgraded shares of Amc Networks from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 30th. Finally, Zacks Investment Research lowered shares of Amc Networks from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $60.20.

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.

Read More: What is the Coverage Ratio?

Want to see what other hedge funds are holding AMCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amc Networks Inc (NASDAQ:AMCX).

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

Receive News & Ratings for Amc Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amc Networks and related companies with MarketBeat.com's FREE daily email newsletter.