2 weeks Ago By Defense World Staff
Cerity Partners LLC lifted its holdings in AMC Networks Inc. (NASDAQ:AMCX – Free Report) by 89.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 21,734 shares of the company’s stock after acquiring an additional 10,285 shares during the period. Cerity Partners LLC’s holdings in AMC Networks were worth $211,000 as of its most recent SEC filing. Several other large investors also recently made changes to their positions in AMCX.
Russell Investments Group Ltd. boosted its position in AMC Networks by 45.7% during the 4th quarter.
Russell Investments Group Ltd. now owns 3,496 shares of the company’s stock worth $35,000 after purchasing an additional 1,097 shares during the period. R Squared Ltd purchased a new stake in shares of AMC Networks in the fourth quarter worth about $59,000.
Federated Hermes Inc. boosted its position in shares of AMC Networks by 31.3% in the fourth quarter.
Federated Hermes Inc. now owns 8,049 shares of the company’s stock worth $80,000 after buying an additional 1,918 shares during the period. MML Investors Services LLC acquired a new stake in shares of AMC Networks in the third quarter valued at about $91,000.
Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of AMC Networks during the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 78.51% of the company’s stock.
AMC Networks Trading Up 1.9 %AMCX opened at $6.36 on Friday.
AMC Networks Inc. has a 12-month low of $5.41 and a 12-month high of $18.
58. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.
38 and a quick ratio of 2.38. The stock has a market capitalization of $280.
70 million, a PE ratio of -1.21 and a beta of 1.28.
The firm’s fifty day moving average price is $6.79 and its 200 day moving average price is $8.31.
AMC Networks (NASDAQ:AMCX – Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.
05 by ($0.41). The company had revenue of $599.
30 million for the quarter, compared to the consensus estimate of $611.26 million. AMC Networks had a positive return on equity of 18.
61% and a negative net margin of 9.36%. The business’s revenue for the quarter was down 11.
7% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS.
As a group, research analysts expect that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.
Insider ActivityIn other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $6.
95, for a total value of $1,072,697.75. Following the transaction, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.
35. This trade represents a 88.11 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 25.87% of the company’s stock.
Analysts Set New Price TargetsSeveral brokerages have issued reports on AMCX. UBS Group lowered their price objective on shares of AMC Networks from $8.00 to $6.
00 and set a “sell” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company decreased their target price on shares of AMC Networks from $8.00 to $4.
00 and set an “underweight” rating for the company in a research note on Thursday, April 17th. Morgan Stanley dropped their price target on shares of AMC Networks from $9.00 to $8.
00 and set an “underweight” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on shares of AMC Networks from $9.
00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. Finally, StockNews.
com downgraded AMC Networks from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the company currently has a consensus rating of “Hold” and an average target price of $6.50.Read Our Latest Stock Report on AMC NetworksAMC Networks 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.Featured ArticlesFive stocks we like better than AMC NetworksEnergy and Oil Stocks Explained2 Strong Utilities Plays With Booming Earnings and Room to GrowWhy Are These Companies Considered Blue Chips?Why Smart Investors Don’t Panic in Election SeasonCanada Bond Market Holiday: How to Invest and Trade Now Is the Time to Buy ServiceNow—The Rebound Is RealWant 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)..
