AMC Networks Inc. (NASDAQ:AMCX) Receives Average Rating of “Hold” from Brokerages

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been given an average rating of “Hold” by the three analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.50.

A number of research firms have issued reports on AMCX. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their price objective 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, StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP boosted 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 buying an additional 2,336 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of AMC Networks in the 2nd quarter valued at $48,000. nVerses Capital LLC bought a new position in shares of AMC Networks during the 3rd quarter worth about $55,000. EntryPoint Capital LLC acquired a new stake in shares of AMC Networks during the 1st quarter valued at about $60,000. Finally, EMC Capital Management increased its stake in AMC Networks by 23.8% in the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after acquiring an additional 1,500 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Price Performance

NASDAQ AMCX opened at $8.09 on Friday. The company has a market cap of $352.42 million, a P/E ratio of 2.27 and a beta of 1.28. AMC Networks has a 1 year low of $7.08 and a 1 year high of $20.97. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.17. The company has a fifty day simple moving average of $8.72 and a 200 day simple moving average of $10.95.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.28). The firm had revenue of $625.90 million for the quarter, compared to the consensus estimate of $601.41 million. AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The firm’s revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company earned $2.02 earnings per share. On average, sell-side analysts predict that AMC Networks will post 4.86 EPS for the current 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.