Amc Networks (NASDAQ:AMCX)‘s stock had its “underperform” rating reiterated by research analysts at Imperial Capital in a research report issued on Friday. They presently have a $53.00 target price on the stock, down from their prior target price of $56.00. Imperial Capital’s price target would indicate a potential downside of 11.30% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Amc Networks from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Friday, February 15th. BidaskClub upgraded Amc Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Finally, ValuEngine upgraded Amc Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Amc Networks presently has an average rating of “Hold” and a consensus price target of $62.83.
Shares of NASDAQ:AMCX opened at $59.75 on Friday. Amc Networks has a 12-month low of $49.08 and a 12-month high of $69.02. The company has a market cap of $3.32 billion, a PE ratio of 6.88, a PEG ratio of 1.01 and a beta of 0.84. 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 (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, February 28th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.11. The company had revenue of $772.85 million during the quarter, compared to analysts’ expectations of $757.41 million. Amc Networks had a return on equity of 187.32% and a net margin of 15.01%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. As a group, sell-side analysts predict that Amc Networks will post 8.49 earnings per share for the current fiscal year.
In related news, EVP James Gallagher sold 7,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $62.98, for a total value of $440,860.00. Following the completion of the sale, the executive vice president now directly owns 15,964 shares in the company, valued at $1,005,412.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 20.97% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Amc Networks by 17.5% in the fourth quarter. Geode Capital Management LLC now owns 514,652 shares of the company’s stock valued at $28,243,000 after purchasing an additional 76,808 shares during the period. Norges Bank acquired a new stake in Amc Networks in the fourth quarter valued at $34,521,000. APG Asset Management N.V. increased its holdings in Amc Networks by 252.2% in the fourth quarter. APG Asset Management N.V. now owns 421,600 shares of the company’s stock valued at $20,240,000 after purchasing an additional 301,900 shares during the period. Amalgamated Bank increased its holdings in Amc Networks by 57.7% in the fourth quarter. Amalgamated Bank now owns 10,299 shares of the company’s stock valued at $565,000 after purchasing an additional 3,768 shares during the period. Finally, HRT Financial LLC acquired a new stake in Amc Networks in the fourth quarter valued at $417,000. Institutional investors and hedge funds own 86.96% 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.
Recommended Story: Return on Equity (ROE)
Receive News & Ratings for Amc Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amc Networks and related companies with MarketBeat.com's FREE daily email newsletter.