Entropy Technologies LP Has $125,000 Position in AMC Networks Inc. (NASDAQ:AMCX)

Entropy Technologies LP grew its position in AMC Networks Inc. (NASDAQ:AMCX) by 24.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,381 shares of the company’s stock after purchasing an additional 2,800 shares during the quarter. Entropy Technologies LP’s holdings in AMC Networks were worth $125,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP increased its position in shares of AMC Networks by 119.2% in the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after buying an additional 2,336 shares in the last quarter. Innealta Capital LLC acquired a new position in AMC Networks in the second quarter valued at about $48,000. nVerses Capital LLC bought a new stake in shares of AMC Networks in the third quarter worth about $55,000. EntryPoint Capital LLC acquired a new stake in shares of AMC Networks during the first quarter worth about $60,000. Finally, EMC Capital Management lifted its holdings in shares of AMC Networks by 23.8% during the 1st quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after purchasing an additional 1,500 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMCX has been the subject of a number of research reports. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Morgan Stanley lowered their price objective 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. Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AMC Networks currently has an average rating of “Hold” and a consensus price target of $8.50.

AMC Networks Trading Down 2.8 %

NASDAQ:AMCX opened at $9.25 on Monday. The company has a market cap of $408.11 million, a P/E ratio of 14.68 and a beta of 1.29. AMC Networks Inc. has a twelve month low of $7.08 and a twelve month high of $20.97. The business has a 50 day moving average price of $8.28 and a two-hundred day moving average price of $10.72. The company has a quick ratio of 2.13, a current ratio of 2.32 and a debt-to-equity ratio of 2.03.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping 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 business had revenue of $599.60 million during the quarter, compared to analysts’ expectations of $587.12 million. During the same quarter in the prior year, the company posted $1.85 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. As a group, analysts expect that AMC Networks Inc. will post 4.2 EPS for the current fiscal year.

AMC Networks Company 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.