Aperio Group LLC Acquires New Position in AMC Networks (AMCX)

Aperio Group LLC acquired a new stake in shares of AMC Networks (NASDAQ:AMCX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,850 shares of the company’s stock, valued at approximately $2,732,000. Aperio Group LLC owned about 0.09% of AMC Networks at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AMC Networks by 46.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock valued at $172,000 after acquiring an additional 1,008 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in AMC Networks by 71.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,686 shares of the company’s stock valued at $200,000 after acquiring an additional 1,537 shares during the last quarter. Wrapmanager Inc. bought a new position in AMC Networks during the 1st quarter valued at $207,000. Parametrica Management Ltd acquired a new stake in shares of AMC Networks during the fourth quarter worth $212,000. Finally, Capital Fund Management S.A. acquired a new stake in shares of AMC Networks during the fourth quarter worth $229,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

AMCX stock opened at $57.17 on Friday. The company has a debt-to-equity ratio of 11.97, a quick ratio of 2.64 and a current ratio of 2.64. AMC Networks has a fifty-two week low of $46.89 and a fifty-two week high of $67.44. The stock has a market capitalization of $3.40 billion, a P/E ratio of 7.76, a PEG ratio of 0.94 and a beta of 0.79.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, May 10th. The company reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.47. AMC Networks had a net margin of 17.41% and a return on equity of 355.26%. The business had revenue of $741.00 million for the quarter, compared to analysts’ expectations of $720.56 million. During the same quarter last year, the company earned $2.10 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. research analysts forecast that AMC Networks will post 8.19 earnings per share for the current fiscal year.

In related news, EVP James Gallagher sold 4,000 shares of the stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $57.51, for a total value of $230,040.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 20.97% of the stock is owned by company insiders.

A number of analysts have weighed in on AMCX shares. ValuEngine cut shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Cowen reissued a “hold” rating and set a $63.00 target price on shares of AMC Networks in a report on Monday, February 5th. Moffett Nathanson raised shares of AMC Networks from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Guggenheim reissued a “hold” rating and set a $54.00 target price on shares of AMC Networks in a report on Friday, March 2nd. Finally, Zacks Investment Research raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a report on Tuesday, March 6th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. AMC Networks has a consensus rating of “Hold” and an average price target of $60.13.

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

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