Aigen Investment Management LP Acquires Shares of 13,508 AMC Networks Inc. (NASDAQ:AMCX)

Aigen Investment Management LP acquired a new stake in AMC Networks Inc. (NASDAQ:AMCX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,508 shares of the company’s stock, valued at approximately $117,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of AMC Networks by 3.5% in the 1st 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 in the last quarter. EMC Capital Management raised 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 valued at $95,000 after purchasing an additional 1,500 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in AMC Networks by 6.6% during the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after acquiring an additional 2,150 shares during the period. Quarry LP raised its stake in AMC Networks by 119.2% during the second quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after acquiring an additional 2,336 shares during the period. Finally, Entropy Technologies LP raised its stake in AMC Networks by 24.2% during the third quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock worth $125,000 after acquiring an additional 2,800 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

AMC Networks Price Performance

Shares of NASDAQ:AMCX opened at $9.25 on Monday. The firm’s 50 day moving average is $8.28 and its two-hundred day moving average is $10.72. AMC Networks Inc. has a 52 week low of $7.08 and a 52 week high of $20.97. The firm has a market capitalization of $408.11 million, a P/E ratio of 14.68 and a beta of 1.29. The company has a current ratio of 2.32, a quick ratio of 2.13 and a debt-to-equity ratio of 2.03.

AMC Networks (NASDAQ:AMCX) last posted 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. The business had revenue of $599.60 million during the quarter, compared to analysts’ expectations of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share. Analysts anticipate that AMC Networks Inc. will post 4.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMCX shares. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company dropped 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. Finally, Morgan Stanley dropped their price target on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AMC Networks has an average rating of “Hold” and a consensus target price of $8.50.

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.