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

AMC Networks Inc. (NASDAQ:AMCX) has received an average recommendation of “Hold” from the three brokerages that are covering the company, MarketBeat reports. Two 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 objective among brokers that have issued a report on the stock in the last year is $8.50.

A number of brokerages recently commented on AMCX. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company decreased their price objective on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Finally, Morgan Stanley decreased their price objective on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th.

Hedge Funds Weigh In On AMC Networks

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in 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 purchasing an additional 2,336 shares in the last quarter. Innealta Capital LLC bought a new position in shares of AMC Networks during the second quarter valued at $48,000. nVerses Capital LLC bought a new position in shares of AMC Networks during the third quarter valued at $55,000. EntryPoint Capital LLC bought a new position in shares of AMC Networks during the first quarter valued at $60,000. Finally, Quantinno Capital Management LP bought a new position in shares of AMC Networks during the third quarter valued at $88,000. Institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Performance

Shares of AMCX stock opened at $9.47 on Thursday. The stock has a fifty day moving average of $8.42 and a 200 day moving average of $10.55. AMC Networks has a 52 week low of $7.08 and a 52 week high of $20.97. The firm has a market capitalization of $417.82 million, a price-to-earnings ratio of 15.03 and a beta of 1.29. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03.

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

AMC Networks Company Profile

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.