Tealwood Asset Management Inc. reduced its stake in Amc Networks Inc (NASDAQ:AMCX) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,047 shares of the company’s stock after selling 665 shares during the quarter. Tealwood Asset Management Inc. owned approximately 0.07% of Amc Networks worth $2,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in Amc Networks in the 2nd quarter worth approximately $27,000. TRUE Private Wealth Advisors acquired a new stake in Amc Networks in the 2nd quarter worth approximately $29,000. Advisors Preferred LLC acquired a new stake in Amc Networks in the 1st quarter worth approximately $74,000. Icon Wealth Partners LLC acquired a new stake in Amc Networks in the 1st quarter worth approximately $79,000. Finally, Bremer Bank National Association acquired a new stake in Amc Networks in the 1st quarter worth approximately $92,000. Hedge funds and other institutional investors own 84.37% of the company’s stock.

Shares of AMCX traded up $0.66 on Thursday, reaching $50.32. 110,278 shares of the stock traded hands, compared to its average volume of 623,266. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 5.79, a P/E/G ratio of 0.63 and a beta of 0.85. The company has a debt-to-equity ratio of 5.80, a current ratio of 2.65 and a quick ratio of 2.65. Amc Networks Inc has a 12 month low of $48.83 and a 12 month high of $68.42. The stock’s 50-day moving average price is $53.34 and its 200-day moving average price is $57.10.

Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.65. The business had revenue of $772.30 million for the quarter, compared to analyst estimates of $783.03 million. Amc Networks had a return on equity of 127.16% and a net margin of 15.04%. Amc Networks’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 EPS. As a group, equities research analysts forecast that Amc Networks Inc will post 8.73 earnings per share for the current fiscal year.

In other Amc Networks news, EVP James Gallagher sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $54.61, for a total value of $273,050.00. Following the transaction, the executive vice president now owns 15,689 shares of the company’s stock, valued at $856,776.29. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Sean S. Sullivan sold 27,232 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $54.61, for a total value of $1,487,139.52. Following the completion of the transaction, the chief financial officer now directly owns 40,090 shares in the company, valued at approximately $2,189,314.90. The disclosure for this sale can be found here. 21.29% of the stock is owned by insiders.

Several research analysts have commented on AMCX shares. ValuEngine downgraded Amc Networks from a “sell” rating to a “strong sell” rating in a research report on Monday, July 22nd. Wolfe Research raised Amc Networks from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 30th. Gabelli reaffirmed a “buy” rating on shares of Amc Networks in a research report on Tuesday, June 11th. BidaskClub raised Amc Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research downgraded Amc Networks from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Amc Networks currently has an average rating of “Hold” and an average price target of $60.20.

Amc Networks 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.

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Institutional Ownership by Quarter for Amc Networks (NASDAQ:AMCX)

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