2 weeks Ago By ABMN Staff
Cerity Partners LLC increased its stake in shares of AMC Networks Inc. ( NASDAQ:AMCX – Free Report ) by 89.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 21,734 shares of the company’s stock after buying an additional 10,285 shares during the quarter. Cerity Partners LLC’s holdings in AMC Networks were worth $211,000 at the end of the most recent quarter. Several other large investors have also recently added to or reduced their stakes in AMCX.
Russell Investments Group Ltd. boosted its holdings in shares of AMC Networks by 45.7% during the fourth quarter.
Russell Investments Group Ltd. now owns 3,496 shares of the company’s stock valued at $35,000 after acquiring an additional 1,097 shares during the period. R Squared Ltd bought a new stake in AMC Networks in the 4th quarter valued at about $59,000.
Federated Hermes Inc. boosted its stake in AMC Networks by 31.3% during the 4th quarter.
Federated Hermes Inc. now owns 8,049 shares of the company’s stock valued at $80,000 after purchasing an additional 1,918 shares during the period. MML Investors Services LLC bought a new position in AMC Networks in the 3rd quarter worth about $91,000.
Finally, Concurrent Investment Advisors LLC bought a new position in AMC Networks in the 4th quarter worth about $106,000. 78.51% of the stock is owned by institutional investors and hedge funds.
AMC Networks Trading Up 1.9 % Shares of AMC Networks stock opened at $6.36 on Friday.
The business has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $8.31.
AMC Networks Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $18.
58. The firm has a market cap of $280.70 million, a price-to-earnings ratio of -1.
21 and a beta of 1.28. The company has a quick ratio of 2.
38, a current ratio of 2.38 and a debt-to-equity ratio of 2.63.
Wall Street Analyst Weigh In Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on AMC Networks from $8.00 to $4.
00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Morgan Stanley reduced their price target on AMC Networks from $9.00 to $8.
00 and set an “underweight” rating for the company in a research report on Thursday, February 20th. UBS Group lowered their price target on AMC Networks from $8.00 to $6.
00 and set a “sell” rating on the stock in a report on Tuesday, April 15th. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th.
Finally, JPMorgan Chase & Co. lowered their target price on shares of AMC Networks from $9.00 to $8.
00 and set an “underweight” rating on the stock in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.
50. Read Our Latest Stock Report on AMCX Insider Activity at AMC Networks In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the company’s stock in a transaction on Monday, March 10th.
The stock was sold at an average price of $6.95, for a total transaction of $1,072,697.75.
Following the completion of the sale, the insider now directly owns 20,833 shares of the company’s stock, valued at $144,789.35. This represents a 88.
11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website . Company insiders own 25.
87% of the company’s stock. AMC Networks Company Profile ( Free Report ) 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.
Read More 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 – Free Report ).
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