AMC Networks Inc (NASDAQ:AMCX) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP trimmed its stake in shares of AMC Networks Inc (NASDAQ:AMCX) by 71.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,987 shares of the company’s stock after selling 12,220 shares during the quarter. GSA Capital Partners LLP’s holdings in AMC Networks were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in shares of AMC Networks by 24.4% in the 2nd quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after buying an additional 414 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AMC Networks by 9.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after purchasing an additional 181 shares in the last quarter. Americafirst Capital Management LLC purchased a new position in AMC Networks in the 2nd quarter valued at approximately $153,000. Riverhead Capital Management LLC increased its stake in AMC Networks by 69.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after purchasing an additional 1,328 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in AMC Networks by 2.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after purchasing an additional 88 shares in the last quarter. 86.88% of the stock is owned by institutional investors.

AMCX has been the subject of several research analyst reports. BidaskClub raised AMC Networks from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 19th. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. Piper Jaffray Companies set a $60.00 price target on AMC Networks and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Jefferies Group dropped their price target on AMC Networks from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Finally, Macquarie downgraded AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price target for the company. in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $61.42.

AMC Networks Inc (AMCX) opened at $52.39 on Wednesday. AMC Networks Inc has a fifty-two week low of $46.89 and a fifty-two week high of $67.61. The firm has a market capitalization of $3,240.00, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.00 and a beta of 1.10. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.53. The company had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. equities analysts forecast that AMC Networks Inc will post 7.01 EPS for the current fiscal year.

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AMC Networks Company Profile

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)

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