Linden Thomas Advisory Services LLC Has $325,000 Stake in AMC Networks Inc. (NASDAQ:AMCX)

Linden Thomas Advisory Services LLC lifted its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 26.8% during the fourth quarter, HoldingsChannel reports. The firm owned 17,296 shares of the company’s stock after acquiring an additional 3,651 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in AMC Networks were worth $325,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in AMC Networks by 20.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock worth $52,000 after purchasing an additional 737 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of AMC Networks by 5.8% during the fourth quarter. SG Americas Securities LLC now owns 16,030 shares of the company’s stock worth $301,000 after acquiring an additional 882 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of AMC Networks by 6.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 18,428 shares of the company’s stock worth $346,000 after acquiring an additional 1,172 shares during the period. Swiss National Bank lifted its position in AMC Networks by 2.6% in the 3rd quarter. Swiss National Bank now owns 59,900 shares of the company’s stock valued at $706,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of AMC Networks by 206.2% during the 3rd quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock worth $28,000 after buying an additional 1,592 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMCX. TheStreet upgraded shares of AMC Networks from a “d+” rating to a “c-” rating in a research report on Tuesday, February 13th. Morgan Stanley dropped their price target on AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, February 12th. Finally, StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.75.

AMC Networks Trading Down 4.4 %

Shares of AMCX stock opened at $10.83 on Friday. The stock has a market cap of $471.75 million, a P/E ratio of 2.21 and a beta of 1.21. AMC Networks Inc. has a 1 year low of $9.87 and a 1 year high of $20.97. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.14. The stock has a 50 day simple moving average of $12.00 and a 200 day simple moving average of $14.64.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, February 9th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. AMC Networks had a return on equity of 30.42% and a net margin of 7.95%. The firm had revenue of $678.80 million during the quarter, compared to the consensus estimate of $675.97 million. During the same period in the prior year, the company posted $2.52 EPS. The company’s revenue was down 29.6% compared to the same quarter last year. On average, research analysts predict that AMC Networks Inc. will post 5.7 earnings per share for the current fiscal year.

About AMC Networks

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.