Boston Partners raised its position in shares of Amc Networks Inc (NASDAQ:AMCX) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 842,756 shares of the company’s stock after acquiring an additional 51,602 shares during the period. Boston Partners owned approximately 1.49% of Amc Networks worth $46,251,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. TIAA CREF Investment Management LLC grew its position in Amc Networks by 5.1% during the third quarter. TIAA CREF Investment Management LLC now owns 796,711 shares of the company’s stock valued at $52,854,000 after acquiring an additional 38,737 shares during the period. Matarin Capital Management LLC purchased a new stake in Amc Networks during the third quarter valued at about $13,052,000. Bank of Hawaii purchased a new stake in Amc Networks during the third quarter valued at about $206,000. Clark Estates Inc. NY grew its position in Amc Networks by 2.9% during the third quarter. Clark Estates Inc. NY now owns 64,700 shares of the company’s stock valued at $4,292,000 after acquiring an additional 1,800 shares during the period. Finally, Pacer Advisors Inc. grew its position in Amc Networks by 59.9% during the third quarter. Pacer Advisors Inc. now owns 23,261 shares of the company’s stock valued at $1,543,000 after acquiring an additional 8,717 shares during the period. 87.42% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ AMCX opened at $63.74 on Friday. Amc Networks Inc has a 1-year low of $48.83 and a 1-year high of $69.02. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 10.69. The stock has a market capitalization of $3.65 billion, a PE ratio of 8.65, a P/E/G ratio of 1.06 and a beta of 0.91.
A number of equities research analysts have issued reports on AMCX shares. ValuEngine raised Amc Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. JPMorgan Chase & Co. upped their target price on Amc Networks from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Deutsche Bank upped their target price on Amc Networks from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Monday, November 5th. Zacks Investment Research raised Amc Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Finally, BidaskClub downgraded Amc Networks from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Amc Networks has an average rating of “Hold” and an average target price of $62.83.
Amc Networks Company Profile
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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