Fox Run Management L.L.C. bought a new position in shares of AMC Networks Inc (NASDAQ:AMCX) during the first quarter, Holdings Channel reports. The firm bought 11,800 shares of the company’s stock, valued at approximately $692,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of AMC Networks by 11.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,927 shares of the company’s stock valued at $100,000 after buying an additional 202 shares during the last quarter. Elkfork Partners LLC acquired a new position in shares of AMC Networks during the fourth quarter worth approximately $127,000. Pacad Investment Ltd. acquired a new position in shares of AMC Networks during the fourth quarter worth approximately $141,000. LS Investment Advisors LLC increased its position in shares of AMC Networks by 5.0% in the third quarter. LS Investment Advisors LLC now owns 3,950 shares of the company’s stock worth $205,000 after buying an additional 187 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of AMC Networks during the fourth quarter worth approximately $211,000. 81.97% of the stock is owned by institutional investors and hedge funds.
AMC Networks Inc (NASDAQ:AMCX) traded up 1.50% on Wednesday, hitting $59.57. The stock had a trading volume of 20,458 shares. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 15.93 and a beta of 1.01. AMC Networks Inc has a one year low of $46.17 and a one year high of $70.28. The company’s 50-day moving average price is $58.77 and its 200 day moving average price is $54.98.
AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, February 23rd. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.04. The firm had revenue of $729.60 million for the quarter, compared to analyst estimates of $709.83 million. AMC Networks had a net margin of 12.80% and a return on equity of 408.71%. AMC Networks’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 earnings per share. Analysts expect that AMC Networks Inc will post $6.25 earnings per share for the current year.
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A number of equities research analysts have recently commented on AMCX shares. Zacks Investment Research raised AMC Networks from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Wednesday, April 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $57.00 price objective on shares of AMC Networks in a research note on Friday, February 24th. Piper Jaffray Companies cut AMC Networks from an “overweight” rating to a “neutral” rating in a research report on Monday, April 10th. Stifel Nicolaus reiterated a “hold” rating and set a $56.00 target price on shares of AMC Networks in a research report on Tuesday, January 3rd. Finally, Loop Capital reiterated a “hold” rating and issued a $56.00 target price on shares of AMC Networks in a report on Monday, February 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $64.40.
In other AMC Networks news, EVP James Gallagher sold 4,000 shares of the company’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $58.75, for a total value of $235,000.00. Following the completion of the transaction, the executive vice president now owns 12,260 shares in the company, valued at approximately $720,275. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.19% of the stock is currently owned by corporate insiders.
AMC Networks Company Profile
AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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