Amc Networks (AMCX) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Amc Networks (NASDAQ:AMCX) from a buy rating to a hold rating in a research report report published on Wednesday, BidAskClub reports.

Other analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Amc Networks from a hold rating to a buy rating and set a $72.00 target price for the company in a report on Wednesday, February 6th. ValuEngine upgraded shares of Amc Networks from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Finally, Imperial Capital restated an underperform rating and set a $53.00 price target (down previously from $56.00) on shares of Amc Networks in a research report on Friday, March 15th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $62.83.

Shares of AMCX stock opened at $59.77 on Wednesday. The stock has a market capitalization of $3.36 billion, a PE ratio of 6.88, a PEG ratio of 0.95 and a beta of 0.81. The company has a debt-to-equity ratio of 9.01, a current ratio of 2.46 and a quick ratio of 2.46. Amc Networks has a one year low of $51.04 and a one year high of $69.02.

Amc Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, February 28th. The company reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.11. The company had revenue of $772.85 million during the quarter, compared to the consensus estimate of $757.41 million. Amc Networks had a net margin of 15.01% and a return on equity of 187.32%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. On average, equities research analysts anticipate that Amc Networks will post 8.52 earnings per share for the current fiscal year.

In related news, EVP James Gallagher sold 7,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $62.98, for a total transaction of $440,860.00. Following the completion of the transaction, the executive vice president now owns 15,964 shares in the company, valued at $1,005,412.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. 20.97% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Inlet Private Wealth LLC raised its stake in shares of Amc Networks by 15.8% during the first quarter. Inlet Private Wealth LLC now owns 37,775 shares of the company’s stock worth $2,144,000 after acquiring an additional 5,150 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Amc Networks by 21.0% during the first quarter. BNP Paribas Arbitrage SA now owns 50,482 shares of the company’s stock worth $2,865,000 after acquiring an additional 8,775 shares in the last quarter. Meritage Portfolio Management raised its stake in shares of Amc Networks by 26.2% during the first quarter. Meritage Portfolio Management now owns 86,622 shares of the company’s stock worth $4,917,000 after acquiring an additional 17,985 shares in the last quarter. Creative Planning raised its stake in shares of Amc Networks by 75.4% during the first quarter. Creative Planning now owns 8,856 shares of the company’s stock worth $503,000 after acquiring an additional 3,806 shares in the last quarter. Finally, Investec Asset Management PTY Ltd raised its stake in shares of Amc Networks by 2.7% during the first quarter. Investec Asset Management PTY Ltd now owns 27,148 shares of the company’s stock worth $1,547,000 after acquiring an additional 706 shares in the last quarter. Institutional investors own 88.41% of the company’s stock.

Amc Networks Company 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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Analyst Recommendations for Amc Networks (NASDAQ:AMCX)

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