IFG Advisory LLC Takes $209,000 Position in Amc Networks Inc (AMCX)

IFG Advisory LLC bought a new position in shares of Amc Networks Inc (NASDAQ:AMCX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,162 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in shares of Amc Networks by 41.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 28,392 shares of the company’s stock valued at $1,884,000 after purchasing an additional 8,346 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Amc Networks by 41.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 10,236 shares of the company’s stock worth $678,000 after purchasing an additional 3,022 shares during the period. Wells Fargo & Company MN lifted its position in shares of Amc Networks by 1.2% in the 3rd quarter. Wells Fargo & Company MN now owns 398,880 shares of the company’s stock worth $26,461,000 after purchasing an additional 4,660 shares during the period. Pettee Investors Inc. increased its stake in shares of Amc Networks by 24.2% in the 3rd quarter. Pettee Investors Inc. now owns 10,867 shares of the company’s stock valued at $721,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. increased its stake in shares of Amc Networks by 5.2% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 26,300 shares of the company’s stock valued at $1,745,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 85.97% of the company’s stock.

Shares of AMCX stock traded down $1.59 during trading on Monday, hitting $58.27. The company had a trading volume of 632,600 shares, compared to its average volume of 703,914. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 10.69. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 0.86 and a beta of 0.84. Amc Networks Inc has a 52 week low of $48.00 and a 52 week high of $69.02.

Amc Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, November 1st. The company reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.37. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The company had revenue of $696.87 million for the quarter, compared to analysts’ expectations of $693.20 million. During the same period in the prior year, the business earned $1.68 earnings per share. Amc Networks’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Amc Networks Inc will post 8.34 EPS for the current fiscal year.

AMCX has been the subject of several research analyst reports. BidaskClub upgraded shares of Amc Networks from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Goldman Sachs Group lowered shares of Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 price target for the company. in a research note on Thursday, October 4th. JPMorgan Chase & Co. upped their target price on shares of Amc Networks from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Deutsche Bank upped their target price on shares of Amc Networks from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Monday, November 5th. Finally, ValuEngine raised shares of Amc Networks from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Amc Networks currently has an average rating of “Hold” and an average price target of $62.20.

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Amc Networks Profile

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

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