Brokerages Set AMC Networks Inc. (NASDAQ:AMCX) PT at $8.50

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has received an average rating of "Hold" from the three research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $8.50.

Several brokerages recently commented on AMCX. Seaport Res Ptn upgraded shares of AMC Networks from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 22nd. Morgan Stanley reduced their target price on AMC Networks from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com upgraded AMC Networks from a "hold" rating to a "buy" rating in a report on Monday, November 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in shares of AMC Networks by 2.9% during the 4th quarter. Rhumbline Advisers now owns 60,346 shares of the company's stock valued at $597,000 after buying an additional 1,680 shares during the period. Principal Financial Group Inc. raised its holdings in shares of AMC Networks by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 23,102 shares of the company's stock worth $229,000 after acquiring an additional 2,043 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in AMC Networks by 6.6% during the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company's stock valued at $302,000 after purchasing an additional 2,150 shares during the last quarter. DGS Capital Management LLC grew its stake in AMC Networks by 9.9% in the third quarter. DGS Capital Management LLC now owns 24,148 shares of the company's stock valued at $210,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Atria Investments Inc increased its position in AMC Networks by 14.6% in the 4th quarter. Atria Investments Inc now owns 18,589 shares of the company's stock worth $184,000 after purchasing an additional 2,370 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

AMC Networks Trading Up 3.9 %

Shares of NASDAQ AMCX traded up $0.37 during mid-day trading on Tuesday, hitting $9.79. 459,678 shares of the company traded hands, compared to its average volume of 414,803. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. AMC Networks has a 1 year low of $7.08 and a 1 year high of $18.58. The stock has a market capitalization of $431.93 million, a price-to-earnings ratio of 15.54 and a beta of 1.31. The business has a 50 day moving average of $9.48 and a two-hundred day moving average of $9.22.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.29. The company had revenue of $599.60 million during the quarter, compared to analyst estimates of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business's quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 earnings per share. On average, sell-side analysts anticipate that AMC Networks will post 4.09 earnings per share for the current fiscal 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.