Illinois Municipal Retirement Fund Buys 1,172 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Illinois Municipal Retirement Fund lifted its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 6.8% during the fourth quarter, HoldingsChannel reports. The firm owned 18,428 shares of the company’s stock after acquiring an additional 1,172 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in AMC Networks were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of AMC Networks by 206.2% during the 3rd quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock worth $28,000 after acquiring an additional 1,592 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in AMC Networks by 20.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock worth $52,000 after acquiring an additional 737 shares during the last quarter. EMC Capital Management boosted its holdings in shares of AMC Networks by 270.1% during the third quarter. EMC Capital Management now owns 6,292 shares of the company’s stock worth $74,000 after acquiring an additional 4,592 shares during the period. PNC Financial Services Group Inc. grew its position in shares of AMC Networks by 70.6% in the third quarter. PNC Financial Services Group Inc. now owns 6,887 shares of the company’s stock valued at $81,000 after purchasing an additional 2,849 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of AMC Networks by 98.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock worth $81,000 after purchasing an additional 2,146 shares during the period. Institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TheStreet upgraded AMC Networks from a “d+” rating to a “c-” rating in a research note on Tuesday, February 13th. StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Finally, Morgan Stanley lowered their price target on AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, February 12th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, AMC Networks has an average rating of “Hold” and a consensus target price of $11.75.

AMC Networks Stock Performance

Shares of AMCX stock opened at $11.05 on Thursday. The firm has a market capitalization of $481.36 million, a price-to-earnings ratio of 2.26 and a beta of 1.21. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.14. The business’s 50-day moving average price is $11.85 and its 200-day moving average price is $14.65. AMC Networks Inc. has a 12 month low of $9.87 and a 12 month high of $20.97.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, February 9th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $678.80 million for the quarter, compared to analyst estimates of $675.97 million. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The company’s revenue for the quarter was down 29.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.52 EPS. Equities research analysts forecast that AMC Networks Inc. will post 5.67 EPS for the current year.

AMC Networks Company Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.