AMC Networks Inc. (NASDAQ:AMCX) Receives $9.50 Average Price Target from Analysts

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has been given a consensus recommendation of "Hold" by the three ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $9.50.

A number of research analysts recently commented on AMCX shares. Wells Fargo & Company decreased their price target on shares of AMC Networks from $11.00 to $8.00 and set an "underweight" rating on the stock in a research note on Monday, August 12th. StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a research report on Friday, July 12th. Finally, 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.

AMC Networks Stock Performance

AMCX traded down $0.04 on Friday, reaching $8.09. The company had a trading volume of 538,721 shares, compared to its average volume of 1,068,021. AMC Networks has a fifty-two week low of $7.08 and a fifty-two week high of $20.97. The stock has a market cap of $352.42 million, a P/E ratio of 2.27 and a beta of 1.28. The company's fifty day moving average is $8.72 and its 200 day moving average is $10.96. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.28). AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The company had revenue of $625.90 million during the quarter, compared to analyst estimates of $601.41 million. During the same quarter last year, the company posted $2.02 EPS. The firm's quarterly revenue was down 7.8% on a year-over-year basis. As a group, analysts predict that AMC Networks will post 4.86 earnings per share for the current fiscal year.

Institutional Trading of AMC Networks

Large investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new position in AMC Networks in the 1st quarter valued at approximately $1,877,000. WINTON GROUP Ltd lifted its stake in AMC Networks by 361.2% in the 2nd quarter. WINTON GROUP Ltd now owns 93,486 shares of the company's stock valued at $903,000 after purchasing an additional 73,216 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in AMC Networks by 20.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 83,358 shares of the company's stock valued at $1,011,000 after purchasing an additional 14,295 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in AMC Networks in the 2nd quarter valued at approximately $1,569,000. Finally, Swiss National Bank lifted its stake in AMC Networks by 6.1% in the 1st quarter. Swiss National Bank now owns 57,000 shares of the company's stock valued at $691,000 after purchasing an additional 3,300 shares during the last quarter. Institutional investors and hedge funds 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.