AMC Networks (NASDAQ:AMCX – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Friday, February 17th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Parties who wish to listen to the company’s conference call can do so using this link.
AMC Networks Stock Performance
NASDAQ AMCX opened at $17.80 on Friday. The firm has a market capitalization of $765.04 million, a P/E ratio of 2.69 and a beta of 1.24. AMC Networks has a 1-year low of $14.45 and a 1-year high of $44.66. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.77 and a quick ratio of 1.77. The business’s 50-day simple moving average is $17.30 and its 200-day simple moving average is $21.77.
Hedge Funds Weigh In On AMC Networks
A number of institutional investors have recently made changes to their positions in AMCX. Captrust Financial Advisors raised its position in shares of AMC Networks by 78.4% in the 1st quarter. Captrust Financial Advisors now owns 1,984 shares of the company’s stock valued at $81,000 after purchasing an additional 872 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of AMC Networks in the 1st quarter valued at approximately $99,000. The Public Employees Retirement System of Ohio raised its position in shares of AMC Networks by 20.6% in the 3rd quarter. The Public Employees Retirement System of Ohio now owns 7,070 shares of the company’s stock valued at $144,000 after purchasing an additional 1,208 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of AMC Networks in the 3rd quarter valued at approximately $181,000. Finally, PNC Financial Services Group Inc. raised its position in shares of AMC Networks by 18.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,788 shares of the company’s stock valued at $195,000 after purchasing an additional 751 shares in the last quarter. 63.13% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
AMCX has been the topic of several research analyst reports. The Street lowered AMC Networks from a “c” rating to a “d+” rating in a research note on Monday, December 5th. JPMorgan Chase & Co. reduced their price objective on AMC Networks from $23.00 to $18.00 in a research note on Monday, November 7th. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. Morgan Stanley reduced their price objective on AMC Networks from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, December 19th. Finally, The Goldman Sachs Group reduced their price target on AMC Networks from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, two have been given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, AMC Networks has an average rating of “Hold” and a consensus target price of $25.25.
AMC Networks Company Profile
AMC Networks, Inc. is a holding company, which engages in the ownership and management of cable television networks through its subsidiaries. It operates through the National Networks and International and Other segments. The National Networks segment includes activities of AMC Studios operations, AMC Broadcasting and Technology, and national programming networks, namely AMC, WEtv, BBC AMERICA, IFC, and SundanceTV in the US, and AMC, IFC, and the Sundance Channel in Canada.
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