Schroder Investment Management Group Grows Position in AMC Networks Inc. (AMCX)
Schroder Investment Management Group increased its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 28.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 287,390 shares of the company’s stock after buying an additional 63,100 shares during the quarter. Schroder Investment Management Group owned about 0.45% of AMC Networks worth $16,862,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in AMC Networks by 24.4% in the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after purchasing an additional 414 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in AMC Networks by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after purchasing an additional 181 shares during the period. Americafirst Capital Management LLC acquired a new stake in AMC Networks in the second quarter valued at about $153,000. Riverhead Capital Management LLC lifted its position in AMC Networks by 69.9% in the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after purchasing an additional 1,328 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after purchasing an additional 88 shares during the period. 86.95% of the stock is currently owned by hedge funds and other institutional investors.
AMC Networks Inc. (AMCX) opened at $55.67 on Wednesday. The company has a debt-to-equity ratio of 37.53, a quick ratio of 2.57 and a current ratio of 2.57. AMC Networks Inc. has a 12-month low of $46.89 and a 12-month high of $67.61. The stock has a market capitalization of $3,270.08, a P/E ratio of 7.59, a P/E/G ratio of 0.99 and a beta of 1.10.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.53. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. During the same period in the previous year, the firm posted $1.11 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. analysts predict that AMC Networks Inc. will post 7.01 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on AMCX. ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Group reiterated a “hold” rating and set a $65.00 price target on shares of AMC Networks in a research report on Tuesday, September 12th. Cowen reiterated a “hold” rating and set a $53.00 price target on shares of AMC Networks in a research report on Thursday, September 21st. Piper Jaffray Companies set a $60.00 price target on shares of AMC Networks and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, Morgan Stanley reduced their price target on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. AMC Networks currently has a consensus rating of “Hold” and an average target price of $60.58.
AMC Networks 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.
Receive News & Ratings for AMC Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.