Verus Capital Partners LLC Has $417,000 Position in AMC Networks Inc. $AMCX

Verus Capital Partners LLC raised its stake in AMC Networks Inc. (NASDAQ:AMCX) by 29.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,500 shares of the company’s stock after acquiring an additional 15,300 shares during the period. Verus Capital Partners LLC owned approximately 0.15% of AMC Networks worth $417,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC acquired a new stake in shares of AMC Networks during the 2nd quarter worth $26,000. Quantbot Technologies LP bought a new stake in AMC Networks during the first quarter worth about $31,000. CWM LLC lifted its position in AMC Networks by 50.4% during the second quarter. CWM LLC now owns 5,695 shares of the company’s stock worth $36,000 after purchasing an additional 1,909 shares during the period. US Bancorp DE grew its stake in AMC Networks by 3,351.9% during the first quarter. US Bancorp DE now owns 10,045 shares of the company’s stock worth $69,000 after buying an additional 9,754 shares in the last quarter. Finally, Algert Global LLC bought a new position in AMC Networks in the 1st quarter valued at about $73,000. 78.51% of the stock is currently owned by institutional investors.

AMC Networks Trading Down 3.6%

Shares of AMC Networks stock opened at $7.80 on Wednesday. The firm’s 50 day moving average is $7.78 and its 200 day moving average is $6.89. The firm has a market capitalization of $338.40 million, a PE ratio of -1.78 and a beta of 1.43. AMC Networks Inc. has a 1 year low of $5.41 and a 1 year high of $10.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 2.11.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Friday, November 7th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.13). The company had revenue of $561.74 million during the quarter, compared to analyst estimates of $549.27 million. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. AMC Networks has set its FY 2025 guidance at EPS. Equities research analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMCX shares. Wells Fargo & Company raised shares of AMC Networks from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $5.00 to $8.00 in a report on Monday. Zacks Research downgraded shares of AMC Networks from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AMC Networks in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, AMC Networks presently has an average rating of “Strong Sell” and an average price target of $6.38.

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.