GSA Capital Partners LLP Sells 12,220 Shares of AMC Networks Inc. (AMCX)

GSA Capital Partners LLP cut its position in shares of AMC Networks Inc. (NASDAQ:AMCX) by 71.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its holdings in AMC Networks by 19.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 306,966 shares of the company’s stock valued at $16,396,000 after purchasing an additional 49,899 shares in the last quarter. Legal & General Group Plc boosted its holdings in AMC Networks by 19.3% during the second quarter. Legal & General Group Plc now owns 46,479 shares of the company’s stock valued at $2,482,000 after purchasing an additional 7,531 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in AMC Networks by 1.9% during the second quarter. Neuberger Berman Group LLC now owns 11,537 shares of the company’s stock valued at $616,000 after purchasing an additional 219 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AMC Networks by 9.1% during the second 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. Finally, Principal Financial Group Inc. boosted its holdings in AMC Networks by 2.1% during the second quarter. Principal Financial Group Inc. now owns 236,847 shares of the company’s stock valued at $12,650,000 after purchasing an additional 4,831 shares in the last quarter. 86.83% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on AMCX. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a report on Thursday, December 21st. BidaskClub downgraded AMC Networks from a “sell” rating to a “strong sell” rating in a report on Thursday, January 4th. Zacks Investment Research downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Tuesday. Macquarie downgraded AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a report on Tuesday, January 2nd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $65.00 price objective on shares of AMC Networks in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.42.

AMC Networks Inc. (NASDAQ AMCX) opened at $51.53 on Wednesday. The company has a market capitalization of $3,240.00, a P/E ratio of 10.16, a PEG ratio of 0.99 and a beta of 1.10. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53. AMC Networks Inc. has a 1-year low of $46.89 and a 1-year high of $67.61.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.15 by $0.53. The business had revenue of $648.00 million for the quarter, compared to the consensus estimate of $660.79 million. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. AMC Networks’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. research analysts anticipate that AMC Networks Inc. will post 7.01 earnings per share 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.

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

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