Amundi Pioneer Asset Management Inc. Buys New Holdings in AMC Networks Inc (AMCX)

Amundi Pioneer Asset Management Inc. bought a new stake in shares of AMC Networks Inc (NASDAQ:AMCX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,517 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of AMC Networks by 24.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock valued at $3,161,000 after acquiring an additional 10,539 shares during the last quarter. AXA boosted its position in shares of AMC Networks by 468.7% during the 3rd quarter. AXA now owns 245,100 shares of the company’s stock valued at $14,331,000 after acquiring an additional 202,000 shares during the last quarter. U S Global Investors Inc. bought a new stake in shares of AMC Networks during the 3rd quarter valued at about $1,462,000. Arizona State Retirement System boosted its position in shares of AMC Networks by 23.0% during the 4th quarter. Arizona State Retirement System now owns 36,255 shares of the company’s stock valued at $1,961,000 after acquiring an additional 6,775 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of AMC Networks by 25.3% during the 3rd quarter. Legal & General Group Plc now owns 58,260 shares of the company’s stock valued at $3,406,000 after acquiring an additional 11,781 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

How to Become a New Pot Stock Millionaire

AMCX has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on AMC Networks from $55.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Zacks Investment Research downgraded AMC Networks from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. TheStreet downgraded AMC Networks from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. BidaskClub upgraded AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, Moffett Nathanson upgraded AMC Networks from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $59.55.

NASDAQ:AMCX opened at $51.70 on Monday. The company has a market capitalization of $3,139.38, a P/E ratio of 7.01, a PEG ratio of 0.86 and a beta of 0.84. AMC Networks Inc has a 1-year low of $46.89 and a 1-year high of $67.44. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 19.07.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, March 1st. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.19. The company had revenue of $726.93 million during the quarter, compared to the consensus estimate of $730.82 million. AMC Networks had a return on equity of 531.46% and a net margin of 16.80%. AMC Networks’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. equities analysts forecast that AMC Networks Inc will post 8.13 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.wkrb13.com/2018/04/02/amundi-pioneer-asset-management-inc-buys-new-holdings-in-amc-networks-inc-amcx.html.

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.

Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)

Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply