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

AMC Networks Inc. (NASDAQ:AMCX) has been assigned an average recommendation of “Hold” from the three ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $8.50.

Several equities analysts have weighed in on AMCX shares. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley cut their target price 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.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $8.93 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $394.00 million, a P/E ratio of 14.17 and a beta of 1.32. The firm has a 50-day moving average price of $9.34 and a two-hundred day moving average price of $9.27. AMC Networks has a twelve month low of $7.08 and a twelve month high of $19.39.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business had revenue of $599.60 million during the quarter, compared to analysts’ expectations of $587.12 million. During the same period last year, the company posted $1.85 EPS. The company’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 fiscal year.

Hedge Funds Weigh In On AMC Networks

Large investors have recently added to or reduced their stakes in the business. Quarry LP increased its stake in shares of AMC Networks by 119.2% during the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after acquiring an additional 2,336 shares during the last quarter. nVerses Capital LLC acquired a new position in AMC Networks during the third quarter worth approximately $55,000. Quantinno Capital Management LP purchased a new position in AMC Networks during the third quarter worth approximately $88,000. FORA Capital LLC purchased a new stake in shares of AMC Networks during the 3rd quarter valued at $89,000. Finally, MML Investors Services LLC acquired a new stake in shares of AMC Networks during the 3rd quarter worth $91,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.