Janus Henderson Group PLC purchased a new stake in Amc Networks Inc (NASDAQ:AMCX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,507 shares of the company’s stock, valued at approximately $896,000.
A number of other large investors have also bought and sold shares of AMCX. First Hawaiian Bank purchased a new stake in Amc Networks in the third quarter valued at $123,000. IFG Advisory LLC purchased a new stake in Amc Networks in the third quarter valued at $209,000. Piedmont Investment Advisors Inc. purchased a new stake in Amc Networks in the third quarter valued at $210,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Amc Networks during the 2nd quarter worth about $213,000. Finally, Advisors Preferred LLC boosted its stake in shares of Amc Networks by 89.4% during the 3rd quarter. Advisors Preferred LLC now owns 3,806 shares of the company’s stock worth $252,000 after acquiring an additional 1,797 shares in the last quarter. 85.97% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Amc Networks from a “strong sell” rating to a “sell” rating in a research note on Monday, August 20th. BidaskClub raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Goldman Sachs Group lowered shares of Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 target price on the stock. in a research note on Thursday, October 4th. Finally, Zacks Investment Research raised shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $62.20.
Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, November 1st. The company reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.37. The firm had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. Amc Networks’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. Sell-side analysts forecast that Amc Networks Inc will post 8.27 EPS for the current 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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