Amc Networks Inc (NASDAQ:AMCX) has earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $59.75.
A number of analysts recently commented on AMCX shares. ValuEngine downgraded shares of Amc Networks from a “sell” rating to a “strong sell” rating in a report on Monday, July 22nd. Zacks Investment Research downgraded shares of Amc Networks from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Gabelli reiterated a “buy” rating on shares of Amc Networks in a report on Tuesday, June 11th. Wolfe Research upgraded shares of Amc Networks from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 30th. Finally, BidaskClub upgraded shares of Amc Networks from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 6th.
In other news, EVP James Gallagher sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $54.61, for a total transaction of $273,050.00. Following the sale, the executive vice president now owns 15,689 shares in the company, valued at $856,776.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sean S. Sullivan sold 27,232 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $54.61, for a total transaction of $1,487,139.52. Following the sale, the chief financial officer now 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.
Hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in shares of Amc Networks during the second quarter valued at approximately $27,000. TRUE Private Wealth Advisors purchased a new position in Amc Networks during the second quarter valued at approximately $29,000. Resources Investment Advisors LLC. purchased a new position in Amc Networks during the second quarter valued at approximately $44,000. Advisors Preferred LLC purchased a new position in Amc Networks during the first quarter valued at approximately $74,000. Finally, Icon Wealth Partners LLC purchased a new position in Amc Networks during the first quarter valued at approximately $79,000. Institutional investors and hedge funds own 84.37% of the company’s stock.
NASDAQ AMCX opened at $49.66 on Monday. The company has a debt-to-equity ratio of 5.80, a current ratio of 2.65 and a quick ratio of 2.65. The company’s 50 day simple moving average is $53.34 and its 200 day simple moving average is $57.10. Amc Networks has a 12 month low of $48.83 and a 12 month high of $68.42. The company has a market capitalization of $2.81 billion, a P/E ratio of 5.42, a PEG ratio of 0.63 and a beta of 0.85.
Amc Networks (NASDAQ:AMCX) last released its earnings results on Wednesday, July 31st. The company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.65. Amc Networks had a net margin of 15.04% and a return on equity of 127.16%. The business had revenue of $772.30 million for the quarter, compared to the consensus estimate of $783.03 million. During the same period in the previous year, the firm earned $1.93 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts anticipate that Amc Networks will post 8.73 earnings per share for the current year.
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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