AMC Networks Inc. (NASDAQ:AMCX) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 163.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,474 shares of the company's stock after purchasing an additional 55,565 shares during the quarter. BNP Paribas Financial Markets owned 0.20% of AMC Networks worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of AMC Networks by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company's stock valued at $520,000 after purchasing an additional 1,434 shares during the period. Allspring Global Investments Holdings LLC boosted its stake 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 acquiring an additional 195,444 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of AMC Networks in the 2nd quarter worth approximately $125,000. Innealta Capital LLC purchased a new position in AMC Networks in the 2nd quarter valued at approximately $48,000. Finally, Privium Fund Management UK Ltd raised its holdings in AMC Networks by 99.6% during the second quarter. Privium Fund Management UK Ltd now owns 91,660 shares of the company's stock worth $862,000 after purchasing an additional 45,729 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

AMC Networks Trading Up 6.2 %

Shares of AMC Networks stock traded up $0.58 during trading hours on Thursday, hitting $9.92. The company's stock had a trading volume of 686,988 shares, compared to its average volume of 1,030,844. The business has a fifty day moving average of $8.68 and a 200 day moving average of $10.08. 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 Inc. has a 1-year low of $7.08 and a 1-year high of $20.97. The company has a market capitalization of $437.68 million, a PE ratio of 14.83 and a beta of 1.34.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of AMC Networks from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 12th. Seaport Res Ptn raised shares of AMC Networks from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com raised AMC Networks from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AMC Networks presently has an average rating of "Hold" and an average target price of $8.50.

AMC Networks 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.