AMC Networks Inc. (NASDAQ:AMCX) Given Consensus Rating of “Hold” by Analysts

AMC Networks Inc. (NASDAQ:AMCX) has earned a consensus recommendation of “Hold” from the three research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $8.50.

A number of research firms have weighed in on AMCX. Morgan Stanley reduced their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

AMC Networks Stock Up 1.7 %

Shares of AMC Networks stock opened at $9.07 on Friday. 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 has a 50-day moving average of $9.38 and a 200 day moving average of $9.26. The firm has a market cap of $400.17 million, a price-to-earnings ratio of 14.40 and a beta of 1.32. AMC Networks has a 1 year low of $7.08 and a 1 year high of $19.39.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.29. The company had revenue of $599.60 million during the quarter, compared to analyst estimates of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. AMC Networks’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business earned $1.85 EPS. As a group, sell-side analysts anticipate that AMC Networks will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of AMC Networks

A number of large investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC grew its stake in shares of AMC Networks by 6.6% in the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after acquiring an additional 2,150 shares during the period. DGS Capital Management LLC boosted its holdings in shares of AMC Networks by 9.9% in the third quarter. DGS Capital Management LLC now owns 24,148 shares of the company’s stock worth $210,000 after buying an additional 2,180 shares during the last quarter. Quarry LP boosted its holdings in shares of AMC Networks by 119.2% in the second quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after buying an additional 2,336 shares during the last quarter. Entropy Technologies LP boosted its holdings in shares of AMC Networks by 24.2% in the third quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock worth $125,000 after buying an additional 2,800 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of AMC Networks by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 176,830 shares of the company’s stock worth $1,537,000 after buying an additional 3,669 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

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.