Amc Networks Inc (AMCX) Stake Lessened by LPL Financial LLC
LPL Financial LLC trimmed its holdings in Amc Networks Inc (NASDAQ:AMCX) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,952 shares of the company’s stock after selling 644 shares during the quarter. LPL Financial LLC’s holdings in Amc Networks were worth $1,150,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of Amc Networks by 17.0% in the fourth quarter. IFP Advisors Inc now owns 1,196 shares of the company’s stock valued at $65,000 after acquiring an additional 174 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in Amc Networks by 25.3% during the fourth quarter. Hanson & Doremus Investment Management now owns 1,586 shares of the company’s stock valued at $87,000 after purchasing an additional 320 shares during the period. First Hawaiian Bank lifted its position in shares of Amc Networks by 18.2% during the fourth quarter. First Hawaiian Bank now owns 2,198 shares of the company’s stock worth $121,000 after acquiring an additional 338 shares in the last quarter. Comerica Bank lifted its position in shares of Amc Networks by 1.2% during the fourth quarter. Comerica Bank now owns 29,311 shares of the company’s stock worth $1,894,000 after acquiring an additional 342 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Amc Networks by 5.1% during the fourth quarter. Cerity Partners LLC now owns 7,779 shares of the company’s stock worth $427,000 after acquiring an additional 379 shares in the last quarter. 86.96% of the stock is currently owned by institutional investors.
In other news, EVP James Gallagher sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.98, for a total transaction of $440,860.00. Following the transaction, the executive vice president now directly owns 15,964 shares of the company’s stock, valued at $1,005,412.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.97% of the stock is currently owned by company insiders.
Shares of AMCX stock opened at $59.75 on Friday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 9.01. Amc Networks Inc has a 52-week low of $49.08 and a 52-week high of $69.02. The firm has a market capitalization of $3.32 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 1.01 and a beta of 0.84.
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 the Zacks’ consensus estimate of $1.81 by $0.11. Amc Networks had a return on equity of 187.32% and a net margin of 15.01%. The company had revenue of $772.85 million for the quarter, compared to the consensus estimate of $757.41 million. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Amc Networks Inc will post 8.49 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://theolympiareport.com/2019/03/15/amc-networks-inc-amcx-stake-lessened-by-lpl-financial-llc.html.
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.
Further Reading: Systematic Risk and Investors
Want to see what other hedge funds are holding AMCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amc Networks Inc (NASDAQ:AMCX).
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.