AMC Networks Inc. (NASDAQ:AMCX) Receives Consensus Rating of "Hold" from Analysts

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has been given a consensus recommendation of "Hold" by the three analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.50.

AMCX has been the subject of a number of research analyst reports. StockNews.com raised shares of AMC Networks from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Seaport Res Ptn raised AMC Networks from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley decreased their target price on AMC Networks from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, November 12th.

AMC Networks Trading Up 0.6 %

Shares of AMCX stock traded up $0.06 on Monday, hitting $9.76. 504,847 shares of the stock traded hands, compared to its average volume of 1,026,335. The firm's 50-day moving average price is $8.74 and its two-hundred day moving average price is $9.94. AMC Networks has a twelve month low of $7.08 and a twelve month high of $20.93. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $430.62 million, a PE ratio of 15.40 and a beta of 1.34.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.29. The company had revenue of $599.60 million during the quarter, compared to analysts' expectations of $587.12 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 earnings per share. As a group, analysts anticipate that AMC Networks will post 4.09 EPS for the current year.

Hedge Funds Weigh In On AMC Networks

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in AMC Networks during the 2nd quarter worth approximately $4,456,000. Dimensional Fund Advisors LP increased its holdings in AMC Networks by 18.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company's stock valued at $15,703,000 after buying an additional 250,738 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in AMC Networks by 234.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 278,802 shares of the company's stock valued at $2,693,000 after buying an additional 195,444 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in AMC Networks in the second quarter valued at $1,569,000. Finally, Dana Investment Advisors Inc. lifted its holdings in AMC Networks by 40.8% during the 2nd quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company's stock worth $5,164,000 after buying an additional 154,927 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

About AMC Networks

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.