Dupont Capital Management Corp cut its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 32.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,000 shares of the company’s stock after selling 50,174 shares during the period. Dupont Capital Management Corp owned about 0.17% of AMC Networks worth $6,139,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in AMCX. OppenheimerFunds Inc. grew its holdings in shares of AMC Networks by 8.2% in the first quarter. OppenheimerFunds Inc. now owns 11,924 shares of the company’s stock valued at $700,000 after acquiring an additional 899 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of AMC Networks by 34.4% in the first quarter. Wellington Management Group LLP now owns 21,431 shares of the company’s stock valued at $1,258,000 after acquiring an additional 5,486 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of AMC Networks by 59.1% in the first quarter. Teachers Advisors LLC now owns 107,787 shares of the company’s stock valued at $6,325,000 after acquiring an additional 40,022 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of AMC Networks by 114.3% in the first quarter. Legal & General Group Plc now owns 38,948 shares of the company’s stock valued at $2,285,000 after acquiring an additional 20,770 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in shares of AMC Networks by 3.7% in the first quarter. Thrivent Financial For Lutherans now owns 10,497 shares of the company’s stock valued at $616,000 after acquiring an additional 370 shares in the last quarter. 85.06% of the stock is owned by institutional investors.
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Shares of AMC Networks Inc. (NASDAQ AMCX) traded down $3.49 during mid-day trading on Friday, hitting $47.50. The company had a trading volume of 1,621,309 shares, compared to its average volume of 873,251. AMC Networks Inc. has a one year low of $47.44 and a one year high of $67.61. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 43.05. The stock has a market capitalization of $3.02 billion, a P/E ratio of 6.97, a PEG ratio of 0.76 and a beta of 1.09.
AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.53. The business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a return on equity of 1,224.87% and a net margin of 12.12%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.11 EPS. sell-side analysts predict that AMC Networks Inc. will post 6.75 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on AMCX shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $60.00 target price on shares of AMC Networks in a report on Monday, July 10th. Zacks Investment Research raised AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Thursday, July 13th. Piper Jaffray Companies set a $60.00 price objective on AMC Networks and gave the company a “hold” rating in a report on Wednesday. Loop Capital reduced their price objective on AMC Networks from $61.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, October 19th. Finally, BidaskClub raised AMC Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $58.00.
AMC Networks Profile
AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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