AMC Networks Inc. (NASDAQ:AMCX) Shares Acquired by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lifted its stake in AMC Networks Inc. (NASDAQ:AMCX) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,652 shares of the company’s stock after buying an additional 12,821 shares during the period. Brandywine Global Investment Management LLC’s holdings in AMC Networks were worth $8,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMCX. Banque Cantonale Vaudoise purchased a new position in AMC Networks during the 2nd quarter worth $44,000. Captrust Financial Advisors lifted its stake in shares of AMC Networks by 306.8% in the first quarter. Captrust Financial Advisors now owns 903 shares of the company’s stock valued at $48,000 after purchasing an additional 681 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of AMC Networks by 232.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,789 shares of the company’s stock valued at $95,000 after purchasing an additional 1,251 shares during the period. Alaethes Wealth LLC acquired a new position in AMC Networks during the second quarter worth about $117,000. Finally, Marshall Wace LLP acquired a new position in AMC Networks during the first quarter worth about $128,000. 75.66% of the stock is currently owned by hedge funds and other institutional investors.

AMCX opened at $46.16 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 3.60. AMC Networks Inc. has a 52-week low of $20.16 and a 52-week high of $83.63. The company has a 50 day moving average of $47.73 and a two-hundred day moving average of $52.71. The company has a market cap of $1.91 billion, a P/E ratio of 7.55 and a beta of 1.26.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, August 5th. The company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $1.27. AMC Networks had a net margin of 9.64% and a return on equity of 64.53%. The business had revenue of $771.39 million for the quarter, compared to analysts’ expectations of $698.12 million. During the same period in the previous year, the company posted $2.39 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Research analysts anticipate that AMC Networks Inc. will post 8.34 earnings per share for the current year.

In other news, Vice Chairman Joshua W. Sapan sold 40,000 shares of the company’s stock in a transaction dated Friday, October 1st. The shares were sold at an average price of $47.09, for a total transaction of $1,883,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 28.56% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on AMCX. Deutsche Bank Aktiengesellschaft downgraded shares of AMC Networks from a “hold” rating to a “sell” rating and lifted their price target for the stock from $32.00 to $48.00 in a report on Thursday, July 22nd. Zacks Investment Research upgraded shares of AMC Networks from a “sell” rating to a “hold” rating in a report on Tuesday, August 10th. Finally, TheStreet downgraded shares of AMC Networks from a “b-” rating to a “c+” rating in a report on Thursday, August 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, AMC Networks currently has an average rating of “Hold” and an average price target of $51.70.

About AMC Networks

AMC Networks, Inc is a holding company, which engages in owning and management of cable television networks through its subsidiaries. It operates through the National Networks and International and Other segments. The National Networks segment includes activities of AMC Studios operations, AMC Broadcasting and Technology, and national programming networks, namely: AMC, WEtv, BBC AMERICA, IFC, and SundanceTV in the U.

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

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