AMC Networks Inc. (NASDAQ:AMCX – Get Rating) has been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $25.25.
A number of equity research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of AMC Networks from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, November 8th. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of AMC Networks from $23.00 to $18.00 in a research note on Monday, November 7th. The Street lowered shares of AMC Networks from a “c” rating to a “d+” rating in a report on Monday, December 5th. Finally, Morgan Stanley cut their price objective on shares of AMC Networks from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, December 19th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE lifted its stake in AMC Networks by 98.1% during the second quarter. US Bancorp DE now owns 3,207 shares of the company’s stock valued at $93,000 after purchasing an additional 1,588 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in AMC Networks by 78.7% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,826 shares of the company’s stock valued at $53,000 after buying an additional 804 shares during the period. EMG Holdings LP increased its stake in AMC Networks by 95.4% in the 2nd quarter. EMG Holdings LP now owns 45,149 shares of the company’s stock valued at $1,315,000 after buying an additional 22,047 shares during the period. Money Concepts Capital Corp increased its stake in shares of AMC Networks by 34.5% during the 3rd quarter. Money Concepts Capital Corp now owns 24,585 shares of the company’s stock worth $499,000 after purchasing an additional 6,309 shares during the last quarter. Finally, Contrarius Investment Management Ltd increased its stake in shares of AMC Networks by 27.0% during the 3rd quarter. Contrarius Investment Management Ltd now owns 875,460 shares of the company’s stock worth $17,772,000 after purchasing an additional 186,385 shares during the last quarter. 63.13% of the stock is currently owned by institutional investors.
AMC Networks Stock Performance
NASDAQ AMCX opened at $18.53 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.65. AMC Networks has a 52-week low of $14.45 and a 52-week high of $44.66. The business’s 50-day moving average price is $17.27 and its 200-day moving average price is $21.44. The firm has a market cap of $796.42 million, a P/E ratio of 2.80 and a beta of 1.24.
About AMC Networks
AMC Networks, Inc. is a holding company, which engages in the ownership and management of cable television networks through its subsidiaries. It operates through the National Networks and International and Other segments. The National Networks segment includes activities of AMC Studios operations, AMC Broadcasting and Technology, and national programming networks, namely AMC, WEtv, BBC AMERICA, IFC, and SundanceTV in the US, and AMC, IFC, and the Sundance Channel in Canada.
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