Amc Networks (NASDAQ:AMCX)‘s stock had its “buy” rating reiterated by equities research analysts at Gabelli in a research report issued on Tuesday, Zacks.com reports.
Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Amc Networks from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. ValuEngine downgraded shares of Amc Networks from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Zacks Investment Research raised shares of Amc Networks from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Friday, February 15th. Finally, Imperial Capital reissued an “underperform” rating and issued a $53.00 price target (down from $56.00) on shares of Amc Networks in a report on Friday, March 15th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $61.83.
NASDAQ AMCX opened at $54.59 on Tuesday. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 0.78 and a beta of 0.86. Amc Networks has a 52 week low of $51.04 and a 52 week high of $69.02. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 6.82.
Amc Networks (NASDAQ:AMCX) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.25 by $0.39. The business had revenue of $784.22 million for the quarter, compared to the consensus estimate of $775.37 million. Amc Networks had a net margin of 14.35% and a return on equity of 152.19%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.65 earnings per share. On average, analysts anticipate that Amc Networks will post 8.5 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Amc Networks in the first quarter worth about $128,000. Accident Compensation Corp increased its position in shares of Amc Networks by 5.5% in the first quarter. Accident Compensation Corp now owns 38,105 shares of the company’s stock worth $2,163,000 after purchasing an additional 2,000 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Amc Networks by 0.5% in the first quarter. Nordea Investment Management AB now owns 142,904 shares of the company’s stock worth $8,112,000 after purchasing an additional 728 shares during the last quarter. FMR LLC increased its position in shares of Amc Networks by 5.8% in the first quarter. FMR LLC now owns 414,800 shares of the company’s stock worth $23,544,000 after purchasing an additional 22,683 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Amc Networks by 6.8% in the first quarter. HighTower Advisors LLC now owns 34,151 shares of the company’s stock worth $1,941,000 after purchasing an additional 2,161 shares during the last quarter. 95.77% of the stock is currently owned by hedge funds and other institutional investors.
About Amc Networks
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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