Shares of Amc Networks Inc (NASDAQ:AMCX) have received an average rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $62.34.
A number of research analysts have recently weighed in on the company. Goldman Sachs Group lowered Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 price objective on the stock. in a report on Thursday, October 4th. BidaskClub raised Amc Networks from a “sell” rating to a “hold” rating in a report on Friday, September 28th. ValuEngine raised Amc Networks from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Deutsche Bank raised their target price on Amc Networks from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, November 5th. Finally, Zacks Investment Research raised Amc Networks from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. LSV Asset Management grew its holdings in Amc Networks by 31.0% in the third quarter. LSV Asset Management now owns 2,670,585 shares of the company’s stock valued at $177,166,000 after purchasing an additional 631,430 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Amc Networks by 5.1% in the third quarter. TIAA CREF Investment Management LLC now owns 796,711 shares of the company’s stock valued at $52,854,000 after purchasing an additional 38,737 shares during the period. Dimensional Fund Advisors LP grew its holdings in Amc Networks by 20.4% in the third quarter. Dimensional Fund Advisors LP now owns 788,104 shares of the company’s stock valued at $52,282,000 after purchasing an additional 133,602 shares during the period. Bank of New York Mellon Corp grew its holdings in Amc Networks by 8.6% in the third quarter. Bank of New York Mellon Corp now owns 618,306 shares of the company’s stock valued at $41,018,000 after purchasing an additional 48,769 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Amc Networks by 1.2% in the third quarter. Wells Fargo & Company MN now owns 398,880 shares of the company’s stock valued at $26,461,000 after purchasing an additional 4,660 shares during the period. 85.93% of the stock is currently owned by institutional investors.
Shares of AMCX stock traded down $0.26 during mid-day trading on Friday, reaching $62.15. The stock had a trading volume of 29,610 shares, compared to its average volume of 536,284. The company has a debt-to-equity ratio of 10.69, a quick ratio of 2.51 and a current ratio of 2.51. The firm has a market capitalization of $3.41 billion, a PE ratio of 8.39, a P/E/G ratio of 1.00 and a beta of 0.83. Amc Networks has a 1-year low of $48.00 and a 1-year high of $69.02.
Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, November 1st. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.37. The business had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. Amc Networks had a return on equity of 221.77% and a net margin of 17.76%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 earnings per share. Sell-side analysts forecast that Amc Networks will post 8.31 earnings per share for the current year.
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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