AMC Networks Inc. (NASDAQ:AMCX) Shares Bought by Virtu Financial LLC

Virtu Financial LLC grew its position in AMC Networks Inc. (NASDAQ:AMCX) by 45.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,783 shares of the company’s stock after purchasing an additional 9,304 shares during the period. Virtu Financial LLC owned approximately 0.07% of AMC Networks worth $259,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Quarry LP lifted its position in AMC Networks by 119.2% during the second quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after buying an additional 2,336 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of AMC Networks in the second quarter worth $48,000. nVerses Capital LLC purchased a new position in shares of AMC Networks in the 3rd quarter valued at $55,000. Quantinno Capital Management LP acquired a new position in shares of AMC Networks during the 3rd quarter valued at $88,000. Finally, FORA Capital LLC purchased a new stake in AMC Networks during the 3rd quarter worth $89,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Performance

Shares of AMCX stock opened at $9.74 on Wednesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32. The company’s fifty day moving average price is $8.78 and its two-hundred day moving average price is $9.89. The firm has a market capitalization of $429.74 million, a P/E ratio of 15.46 and a beta of 1.34. AMC Networks Inc. has a 12 month low of $7.08 and a 12 month high of $20.93.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.62 by $0.29. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The business had revenue of $599.60 million for the quarter, compared to analysts’ expectations of $587.12 million. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. On average, research analysts anticipate that AMC Networks Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMCX has been the topic of several research reports. Morgan Stanley cut their price objective on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Finally, StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.50.

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.