AMC Networks (NASDAQ:AMCX) Stock Rating Upgraded by Seaport Res Ptn

AMC Networks (NASDAQ:AMCX) was upgraded by investment analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks.com reports. Seaport Res Ptn also issued estimates for AMC Networks’ Q4 2024 earnings at $1.56 EPS and Q1 2025 earnings at $1.60 EPS.

A number of other research analysts have also weighed in on AMCX. StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Wells Fargo & Company reduced their price objective on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, AMC Networks has an average rating of “Hold” and a consensus price target of $9.50.

AMC Networks Trading Up 0.8 %

AMCX opened at $7.92 on Tuesday. AMC Networks has a 52 week low of $7.08 and a 52 week high of $20.97. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.17. The stock has a market cap of $345.01 million, a PE ratio of 2.22 and a beta of 1.28. The business has a 50 day moving average of $8.78 and a 200-day moving average of $11.00.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Friday, August 9th. The company reported $1.24 earnings per share 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 for the quarter, compared to the consensus estimate of $601.41 million. During the same period last year, the business earned $2.02 EPS. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. Equities research analysts predict that AMC Networks will post 4.86 earnings per share for the current fiscal year.

Institutional Trading of AMC Networks

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP increased its holdings in shares of AMC Networks by 119.2% in the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after purchasing an additional 2,336 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of AMC Networks in the 1st quarter worth $60,000. Innealta Capital LLC purchased a new position in shares of AMC Networks in the 2nd quarter worth $48,000. nVerses Capital LLC purchased a new position in shares of AMC Networks in the 3rd quarter worth $55,000. Finally, EMC Capital Management boosted its stake in shares of AMC Networks by 23.8% in the 1st quarter. EMC Capital Management now owns 7,792 shares of the company’s stock worth $95,000 after buying an additional 1,500 shares during the last quarter. 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.