AMC NETWORKS INC Common Stock (AMCX) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of AMC NETWORKS INC Common Stock (NASDAQ: AMCX) recently:

  • 8/6/2018 – AMC NETWORKS INC Common Stock was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AMC Networks Inc. is engaged in producing programming and movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films. The AMC is a television network which focuses on the original programming and movie-based entertainment. IFC creates long and short-form content inspired by music, web, gaming, animation, news, and culture. The Sundance Channel is the television destination for independent-minded viewers. The WE tv is the women’s network specially devoted to the relationships during life’s defining moments. The IFC films consist of multiple brands that bring specialty films to the largest possible audience. AMC Networks Inc. is headquartered in New York, New York. “
  • 7/26/2018 – AMC NETWORKS INC Common Stock was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 7/25/2018 – AMC NETWORKS INC Common Stock was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/19/2018 – AMC NETWORKS INC Common Stock is now covered by analysts at Imperial Capital. They set an “in-line” rating and a $65.00 price target on the stock.
  • 7/18/2018 – AMC NETWORKS INC Common Stock was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/13/2018 – AMC NETWORKS INC Common Stock had its “hold” rating reaffirmed by analysts at Guggenheim. They now have a $58.00 price target on the stock.
  • 6/28/2018 – AMC NETWORKS INC Common Stock was downgraded by analysts at Sanford C. Bernstein to an “underperform” rating.
  • 6/28/2018 – AMC NETWORKS INC Common Stock was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/26/2018 – AMC NETWORKS INC Common Stock was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $73.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/21/2018 – AMC NETWORKS INC Common Stock was downgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating.
  • 6/18/2018 – AMC NETWORKS INC Common Stock was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/12/2018 – AMC NETWORKS INC Common Stock was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

AMC NETWORKS INC Common Stock opened at $59.81 on Thursday, according to MarketBeat. The company has a debt-to-equity ratio of 16.00, a quick ratio of 2.46 and a current ratio of 2.46. AMC NETWORKS INC Common Stock has a 1 year low of $46.89 and a 1 year high of $69.02. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 1.02 and a beta of 0.78.

AMC NETWORKS INC Common Stock (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, August 2nd. The company reported $1.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.16). AMC NETWORKS INC Common Stock had a net margin of 17.22% and a return on equity of 278.30%. The company had revenue of $761.39 million during the quarter, compared to analyst estimates of $731.99 million. During the same quarter in the prior year, the firm earned $1.88 earnings per share. AMC NETWORKS INC Common Stock’s revenue for the quarter was up 7.2% on a year-over-year basis. equities research analysts anticipate that AMC NETWORKS INC Common Stock will post 8.35 EPS for the current year.

In related news, COO Edward A. Carroll sold 11,700 shares of the firm’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $66.72, for a total transaction of $780,624.00. Following the transaction, the chief operating officer now owns 42,868 shares of the company’s stock, valued at $2,860,152.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James Gallagher sold 2,300 shares of the firm’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $67.01, for a total value of $154,123.00. Following the transaction, the executive vice president now directly owns 15,003 shares in the company, valued at approximately $1,005,351.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,000 shares of company stock worth $1,164,787. Corporate insiders own 20.97% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Weik Capital Management purchased a new position in AMC NETWORKS INC Common Stock during the 1st quarter worth $216,000. Guggenheim Capital LLC grew its stake in AMC NETWORKS INC Common Stock by 13.4% during the 4th quarter. Guggenheim Capital LLC now owns 19,702 shares of the company’s stock worth $1,065,000 after buying an additional 2,332 shares during the last quarter. Clear Harbor Asset Management LLC grew its stake in AMC NETWORKS INC Common Stock by 15.5% during the 1st quarter. Clear Harbor Asset Management LLC now owns 79,200 shares of the company’s stock worth $4,095,000 after buying an additional 10,640 shares during the last quarter. OppenheimerFunds Inc. grew its stake in AMC NETWORKS INC Common Stock by 12.5% during the 1st quarter. OppenheimerFunds Inc. now owns 16,575 shares of the company’s stock valued at $857,000 after purchasing an additional 1,848 shares during the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new stake in AMC NETWORKS INC Common Stock during the 4th quarter valued at about $298,000. 87.34% of the stock is currently owned by hedge funds and other institutional investors.

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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