Verus Capital Partners LLC Buys 10,400 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Verus Capital Partners LLC lifted its stake in AMC Networks Inc. (NASDAQ:AMCX) by 52.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,400 shares of the company’s stock after acquiring an additional 10,400 shares during the period. Verus Capital Partners LLC’s holdings in AMC Networks were worth $301,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Royce & Associates LP raised its position in shares of AMC Networks by 134.0% in the 3rd quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock worth $1,267,000 after acquiring an additional 83,476 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of AMC Networks by 163.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock worth $778,000 after acquiring an additional 55,565 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of AMC Networks by 73.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,214 shares of the company’s stock worth $3,252,000 after acquiring an additional 158,162 shares in the last quarter. Ieq Capital LLC bought a new position in shares of AMC Networks in the 4th quarter worth $414,000. Finally, MML Investors Services LLC acquired a new position in AMC Networks during the 3rd quarter valued at about $91,000. 78.51% of the stock is owned by institutional investors.

AMC Networks Trading Up 4.0 %

Shares of NASDAQ:AMCX opened at $7.30 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38. The business’s 50-day moving average is $9.15 and its 200 day moving average is $9.00. The firm has a market capitalization of $322.19 million, a P/E ratio of -1.39 and a beta of 1.31. AMC Networks Inc. has a 1 year low of $6.85 and a 1 year high of $18.58.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). The firm had revenue of $599.30 million for the quarter, compared to analysts’ expectations of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, research analysts predict that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMCX has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 20th. StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, JPMorgan Chase & Co. reduced their target price on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AMC Networks has a consensus rating of “Hold” and a consensus target price of $8.00.

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.