AMC Networks Inc. (NASDAQ:AMCX) Receives $8.50 Consensus PT from Analysts

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

Several research firms recently issued reports 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 dropped their price target on shares of AMC Networks from $10.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, November 12th. Wells Fargo & Company dropped their price target on shares of AMC Networks from $11.00 to $8.00 and set an "underweight" rating for the company in a research report on Monday, August 12th. Finally, StockNews.com upgraded shares of AMC Networks from a "hold" rating to a "buy" rating in a research report on Monday, November 11th.

AMC Networks Stock Performance

AMCX opened at $9.57 on Thursday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. The company has a market cap of $422.24 million, a price-to-earnings ratio of 15.19 and a beta of 1.29. AMC Networks has a 52-week low of $7.08 and a 52-week high of $20.97. The firm's fifty day simple moving average is $8.36 and its two-hundred day simple moving average is $10.67.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.29. The firm had revenue of $599.60 million for the quarter, compared to the consensus estimate of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The company's revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share. Equities analysts anticipate that AMC Networks will post 4.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

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.