Wolfe Research started coverage on shares of Amc Networks (NASDAQ:AMCX) in a note issued to investors on Friday, The Fly reports. The firm set an “underperform” rating on the stock.

Several other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of Amc Networks from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Deutsche Bank lifted their price objective on shares of Amc Networks from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Monday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of Amc Networks from $62.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Finally, ValuEngine raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. Amc Networks presently has a consensus rating of “Hold” and a consensus target price of $62.20.

Shares of AMCX traded down $0.08 during mid-day trading on Friday, hitting $58.10. The company’s stock had a trading volume of 116,526 shares, compared to its average volume of 477,754. The stock has a market capitalization of $3.23 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.82 and a beta of 0.84. The company has a debt-to-equity ratio of 10.69, a current ratio of 2.51 and a quick ratio of 2.51. Amc Networks has a fifty-two week low of $48.00 and a fifty-two week high of $69.02.

Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, November 1st. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.37. The company had revenue of $696.87 million for the quarter, compared to analysts’ expectations of $693.20 million. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 EPS. As a group, equities research analysts forecast that Amc Networks will post 8.34 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in AMCX. LSV Asset Management increased its position in shares of Amc Networks by 31.0% in the third quarter. LSV Asset Management now owns 2,670,585 shares of the company’s stock worth $177,166,000 after acquiring an additional 631,430 shares in the last quarter. Ardevora Asset Management LLP purchased a new position in shares of Amc Networks in the third quarter worth approximately $14,770,000. Matarin Capital Management LLC purchased a new position in shares of Amc Networks in the third quarter worth approximately $13,052,000. Millennium Management LLC boosted its holdings in shares of Amc Networks by 326.5% during the second quarter. Millennium Management LLC now owns 223,369 shares of the company’s stock worth $13,894,000 after purchasing an additional 170,997 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of Amc Networks during the second quarter worth approximately $8,754,000. 85.97% of the stock is currently owned by institutional investors and hedge funds.

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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