ING Groep NV grew its stake in AMC Networks Inc (NASDAQ:AMCX) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,602 shares of the company’s stock after acquiring an additional 1,224 shares during the quarter. ING Groep NV’s holdings in AMC Networks were worth $411,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. raised its stake in shares of AMC Networks by 24.4% in the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock worth $112,000 after purchasing an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of AMC Networks by 46.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock worth $172,000 after purchasing an additional 1,008 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after purchasing an additional 88 shares during the last quarter. Brown Advisory Inc. purchased a new position in shares of AMC Networks in the third quarter worth $203,000. Finally, Parametrica Management Ltd purchased a new position in shares of AMC Networks in the fourth quarter worth $212,000. 89.04% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on AMCX. Cowen restated a “hold” rating and issued a $63.00 price target on shares of AMC Networks in a research note on Monday, February 5th. ValuEngine cut AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on AMC Networks from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. BidaskClub upgraded AMC Networks from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 23rd. Finally, TheStreet cut AMC Networks from a “b-” rating to a “c+” rating in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. AMC Networks presently has a consensus rating of “Hold” and a consensus price target of $62.42.
About AMC Networks
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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