Man Group plc cut its holdings in Amc Networks Inc (NASDAQ:AMCX) by 13.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 246,332 shares of the company’s stock after selling 37,201 shares during the quarter. Man Group plc’s holdings in Amc Networks were worth $12,110,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Amc Networks in the 1st quarter valued at about $128,000. FMR LLC increased its holdings in Amc Networks by 5.8% during the first quarter. FMR LLC now owns 414,800 shares of the company’s stock valued at $23,544,000 after buying an additional 22,683 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Amc Networks by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 18,271 shares of the company’s stock valued at $996,000 after buying an additional 256 shares during the period. Arizona State Retirement System increased its holdings in Amc Networks by 2.4% during the second quarter. Arizona State Retirement System now owns 32,897 shares of the company’s stock valued at $1,793,000 after buying an additional 778 shares during the period. Finally, Trust Co. of Vermont bought a new position in Amc Networks in the second quarter worth approximately $27,000. 87.31% of the stock is owned by institutional investors.

AMCX has been the subject of a number of analyst reports. Zacks Investment Research lowered Amc Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Morgan Stanley set a $55.00 price target on Amc Networks and gave the company a “hold” rating in a report on Friday, November 1st. Bank of America lowered Amc Networks from a “buy” rating to a “neutral” rating and set a $44.96 price target for the company. in a research report on Wednesday, October 30th. TheStreet cut Amc Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Finally, Imperial Capital dropped their price objective on Amc Networks from $39.00 to $35.00 and set an “underperform” rating on the stock in a research report on Monday, November 25th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.85.

NASDAQ AMCX opened at $36.87 on Wednesday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 5.00. The firm has a market cap of $2.14 billion, a PE ratio of 4.24, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76. The company has a 50 day moving average price of $42.40 and a 200 day moving average price of $49.79. Amc Networks Inc has a 52 week low of $36.29 and a 52 week high of $68.42.

Amc Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, October 31st. The company reported $2.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.65. The company had revenue of $718.60 million during the quarter, compared to the consensus estimate of $734.61 million. Amc Networks had a net margin of 15.12% and a return on equity of 106.13%. Amc Networks’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $2.15 earnings per share. On average, equities research analysts anticipate that Amc Networks Inc will post 9.11 earnings per share for the current fiscal year.

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: Retained Earnings

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

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