AMC Networks Inc. (NASDAQ:AMCX) Given Consensus Rating of “Reduce” by Brokerages

Shares of AMC Networks Inc. (NASDAQ:AMCX) have received a consensus recommendation of “Reduce” from the five ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.3750.

Separately, Wells Fargo & Company restated an “underweight” rating on shares of AMC Networks in a research report on Sunday, August 10th.

Institutional Investors Weigh In On AMC Networks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of AMC Networks during the 2nd quarter worth about $25,000. Nisa Investment Advisors LLC purchased a new stake in shares of AMC Networks during the 2nd quarter worth about $26,000. Quantbot Technologies LP purchased a new stake in shares of AMC Networks during the 1st quarter worth about $31,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of AMC Networks by 133.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company’s stock worth $30,000 after purchasing an additional 2,735 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of AMC Networks by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company’s stock worth $36,000 after purchasing an additional 3,732 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

AMC Networks Trading Up 0.6%

Shares of NASDAQ AMCX opened at $7.93 on Wednesday. AMC Networks has a one year low of $5.41 and a one year high of $10.60. The firm has a market capitalization of $344.04 million, a PE ratio of -1.81 and a beta of 1.40. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 2.11. The business has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $6.60.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The firm had revenue of $600.02 million during the quarter, compared to analyst estimates of $582.99 million. During the same period last year, the company posted $1.24 EPS. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. AMC Networks has set its FY 2025 guidance at EPS. As a group, analysts predict that AMC Networks will post 2.62 earnings per share for the current fiscal year.

About AMC Networks

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.