Mackenzie Financial Corp acquired a new position in shares of Amc Networks Inc (NASDAQ:AMCX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 25,728 shares of the company’s stock, valued at approximately $1,412,000.
Several other institutional investors and hedge funds also recently modified their holdings of AMCX. LSV Asset Management raised its position in shares of Amc Networks by 31.0% during the third quarter. LSV Asset Management now owns 2,670,585 shares of the company’s stock worth $177,166,000 after acquiring an additional 631,430 shares during the last quarter. Ardevora Asset Management LLP raised its position in shares of Amc Networks by 180.4% during the fourth quarter. Ardevora Asset Management LLP now owns 624,300 shares of the company’s stock worth $34,262,000 after acquiring an additional 401,658 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Amc Networks during the third quarter worth about $13,052,000. Federated Investors Inc. PA raised its position in shares of Amc Networks by 142.8% during the third quarter. Federated Investors Inc. PA now owns 252,039 shares of the company’s stock worth $16,720,000 after acquiring an additional 148,227 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Amc Networks by 20.4% during the third quarter. Dimensional Fund Advisors LP now owns 788,104 shares of the company’s stock worth $52,282,000 after acquiring an additional 133,602 shares during the last quarter. Institutional investors own 87.42% of the company’s stock.
A number of brokerages have recently issued reports on AMCX. Zacks Investment Research upgraded Amc Networks from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Wednesday, February 6th. BidaskClub downgraded Amc Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Finally, Wolfe Research began coverage on Amc Networks in a research report on Friday, December 7th. They set an “underperform” rating for the company. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $62.83.
NASDAQ AMCX opened at $65.71 on Friday. Amc Networks Inc has a one year low of $48.83 and a one year high of $69.02. The company has a market cap of $3.60 billion, a P/E ratio of 8.92, a price-to-earnings-growth ratio of 1.04 and a beta of 0.91. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 10.69.
Amc Networks (NASDAQ:AMCX) last released its earnings results on Thursday, February 28th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.81 by $0.11. Amc Networks had a return on equity of 221.77% and a net margin of 17.76%. The business had revenue of $772.85 million during the quarter, compared to analysts’ expectations of $757.41 million. During the same quarter last year, the firm posted $1.68 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, research analysts predict that Amc Networks Inc will post 8.52 EPS for the current fiscal year.
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Amc Networks 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.
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