Tyers Asset Management LLC Has $861,000 Holdings in AMC Networks (AMCX)

Tyers Asset Management LLC raised its position in shares of AMC Networks (NASDAQ:AMCX) by 368.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,656 shares of the company’s stock after purchasing an additional 13,104 shares during the quarter. Tyers Asset Management LLC’s holdings in AMC Networks were worth $861,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its stake in shares of AMC Networks by 366.1% in the first quarter. Riverhead Capital Management LLC now owns 18,333 shares of the company’s stock worth $948,000 after acquiring an additional 14,400 shares during the period. Burney Co. bought a new stake in shares of AMC Networks in the first quarter worth approximately $469,000. Aperio Group LLC bought a new stake in shares of AMC Networks in the first quarter worth approximately $2,732,000. Engineers Gate Manager LP bought a new stake in shares of AMC Networks in the first quarter worth approximately $3,175,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of AMC Networks by 9.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 407,308 shares of the company’s stock worth $21,058,000 after acquiring an additional 36,012 shares during the period. Institutional investors and hedge funds own 89.15% of the company’s stock.

AMC Networks opened at $57.15 on Friday, according to Marketbeat.com. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 11.97. AMC Networks has a 12-month low of $46.89 and a 12-month high of $67.44. The company has a market capitalization of $3.28 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 0.91 and a beta of 0.79.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, May 10th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.47. AMC Networks had a net margin of 17.41% and a return on equity of 355.26%. The business had revenue of $741.00 million for the quarter, compared to the consensus estimate of $720.56 million. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. equities research analysts predict that AMC Networks will post 8.19 earnings per share for the current year.

A number of analysts have recently commented on the stock. ValuEngine upgraded shares of AMC Networks from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research raised shares of AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Wednesday. BidaskClub downgraded shares of AMC Networks from a “hold” rating to a “sell” rating in a report on Wednesday. Evercore ISI downgraded shares of AMC Networks from an “outperform” rating to an “in-line” rating and set a $62.00 price objective on the stock. in a report on Friday, May 11th. They noted that the move was a valuation call. Finally, Wells Fargo raised their price objective on shares of AMC Networks from $46.89 to $67.44 and gave the stock an “outperform” rating in a report on Friday, May 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $60.13.

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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