Angeles Wealth Management LLC Lowers Stock Holdings in AMC Networks Inc. $AMCX

Angeles Wealth Management LLC reduced its position in AMC Networks Inc. (NASDAQ:AMCX) by 39.0% in the 2nd quarter, Holdings Channel reports. The fund owned 11,103 shares of the company’s stock after selling 7,104 shares during the period. Angeles Wealth Management LLC’s holdings in AMC Networks were worth $70,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of AMC Networks in the 1st quarter valued at $31,000. GAMMA Investing LLC boosted its holdings in shares of AMC Networks by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company’s stock valued at $36,000 after purchasing an additional 3,732 shares during the last quarter. CWM LLC boosted its holdings in shares of AMC Networks by 50.4% in the 2nd quarter. CWM LLC now owns 5,695 shares of the company’s stock valued at $36,000 after purchasing an additional 1,909 shares during the last quarter. US Bancorp DE boosted its holdings in shares of AMC Networks by 3,351.9% in the 1st quarter. US Bancorp DE now owns 10,045 shares of the company’s stock valued at $69,000 after purchasing an additional 9,754 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of AMC Networks in the 1st quarter valued at $73,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $7.07 on Friday. 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 firm has a market capitalization of $306.70 million, a price-to-earnings ratio of -1.62 and a beta of 1.47. The firm’s fifty day simple moving average is $7.60 and its 200 day simple moving average is $6.70. AMC Networks Inc. has a twelve month low of $5.41 and a twelve month high of $10.60.

AMC Networks (NASDAQ:AMCX) last issued 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 negative net margin of 7.42% and a positive return on equity of 15.73%. The firm had revenue of $600.02 million for the quarter, compared to analyst estimates of $582.99 million. During the same quarter in the previous year, the business posted $1.24 EPS. The firm’s 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, equities research analysts expect that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMCX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of AMC Networks in a report on Wednesday, October 8th. Zacks Research upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company reiterated an “underweight” rating on shares of AMC Networks in a report on Sunday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and five have given a Sell rating to the stock. According to MarketBeat, AMC Networks has an average rating of “Reduce” and a consensus target price of $5.38.

AMC Networks Company Profile

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.