Capital One National Association Trims Stake in AMC Networks Inc (AMCX)

Capital One National Association trimmed its holdings in AMC Networks Inc (NASDAQ:AMCX) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,319 shares of the company’s stock after selling 1,052 shares during the quarter. Capital One National Association’s holdings in AMC Networks were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. RWC Asset Management LLP boosted its position in shares of AMC Networks by 14.5% in the fourth quarter. RWC Asset Management LLP now owns 62,067 shares of the company’s stock valued at $3,357,000 after acquiring an additional 7,843 shares during the period. Accident Compensation Corp bought a new stake in shares of AMC Networks in the fourth quarter valued at approximately $487,000. California Public Employees Retirement System boosted its position in shares of AMC Networks by 10.5% in the fourth quarter. California Public Employees Retirement System now owns 157,618 shares of the company’s stock valued at $8,524,000 after acquiring an additional 14,974 shares during the period. River Road Asset Management LLC bought a new stake in shares of AMC Networks in the fourth quarter valued at approximately $13,522,000. Finally, Teacher Retirement System of Texas boosted its position in shares of AMC Networks by 295.2% in the fourth quarter. Teacher Retirement System of Texas now owns 18,136 shares of the company’s stock valued at $981,000 after acquiring an additional 13,547 shares during the period. 86.93% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on AMCX shares. BidaskClub cut AMC Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 4th. Zacks Investment Research cut AMC Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Loop Capital reduced their price objective on AMC Networks from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. TheStreet cut AMC Networks from a “b-” rating to a “c” rating in a research report on Tuesday, November 14th. Finally, Jefferies Group reduced their target price 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. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $62.42.

AMC Networks Inc (NASDAQ AMCX) opened at $52.54 on Thursday. The company has a market capitalization of $3,191.51, a price-to-earnings ratio of 7.41, a P/E/G ratio of 0.94 and a beta of 0.91. AMC Networks Inc has a 12-month low of $46.89 and a 12-month high of $67.61. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57.

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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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