Louisiana State Employees Retirement System Invests $286,000 in AMC Networks Inc. (NASDAQ:AMCX)

Louisiana State Employees Retirement System purchased a new stake in AMC Networks Inc. (NASDAQ:AMCX) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 15,200 shares of the company’s stock, valued at approximately $286,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in AMC Networks by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after purchasing an additional 30,721 shares in the last quarter. Barclays PLC increased its position in shares of AMC Networks by 164.5% in the 3rd quarter. Barclays PLC now owns 41,906 shares of the company’s stock valued at $495,000 after buying an additional 26,061 shares in the last quarter. Smith Graham & Co. Investment Advisors LP acquired a new stake in AMC Networks during the 3rd quarter worth $3,957,000. Assenagon Asset Management S.A. lifted its holdings in AMC Networks by 152.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 39,895 shares of the company’s stock worth $750,000 after acquiring an additional 24,085 shares in the last quarter. Finally, RWWM Inc. acquired a new position in AMC Networks in the third quarter valued at about $2,068,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Trading Up 4.0 %

NASDAQ:AMCX opened at $11.05 on Thursday. The company has a market cap of $481.36 million, a P/E ratio of 2.26 and a beta of 1.21. AMC Networks Inc. has a twelve month low of $9.87 and a twelve month high of $20.97. The business has a 50 day moving average price of $11.85 and a two-hundred day moving average price of $14.65. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.14.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, February 9th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The business had revenue of $678.80 million during the quarter, compared to analysts’ expectations of $675.97 million. During the same quarter in the prior year, the company posted $2.52 earnings per share. The firm’s revenue was down 29.6% on a year-over-year basis. As a group, analysts expect that AMC Networks Inc. will post 5.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMCX shares. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Morgan Stanley reduced their price target on shares of AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, February 12th. Finally, TheStreet upgraded shares of AMC Networks from a “d+” rating to a “c-” rating in a report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.75.

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.