South Dakota Investment Council Trims Stock Position in Amc Networks Inc (NASDAQ:AMCX)

South Dakota Investment Council lessened its holdings in Amc Networks Inc (NASDAQ:AMCX) by 8.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,532 shares of the company’s stock after selling 3,750 shares during the period. South Dakota Investment Council owned 0.07% of Amc Networks worth $2,209,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new position in shares of Amc Networks during the 2nd quarter worth approximately $27,000. TRUE Private Wealth Advisors purchased a new position in Amc Networks during the second quarter worth $29,000. Resources Investment Advisors LLC. purchased a new position in Amc Networks during the second quarter worth $44,000. Icon Wealth Partners LLC acquired a new position in shares of Amc Networks in the first quarter worth $79,000. Finally, Bremer Bank National Association acquired a new position in shares of Amc Networks in the first quarter worth $92,000. Institutional investors and hedge funds own 85.92% of the company’s stock.

Shares of AMCX stock traded up $0.42 during mid-day trading on Wednesday, hitting $51.47. 13,824 shares of the company’s stock were exchanged, compared to its average volume of 426,069. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.62 and a beta of 0.86. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 5.80. Amc Networks Inc has a fifty-two week low of $46.31 and a fifty-two week high of $68.42. The stock has a 50-day simple moving average of $50.63 and a two-hundred day simple moving average of $55.68.

Amc Networks (NASDAQ:AMCX) last released its earnings results on Wednesday, July 31st. The company reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.65. Amc Networks had a return on equity of 127.16% and a net margin of 15.04%. The firm had revenue of $772.30 million during the quarter, compared to analyst estimates of $783.03 million. During the same period in the prior year, the firm posted $1.93 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, analysts anticipate that Amc Networks Inc will post 8.73 earnings per share for the current fiscal year.

Several analysts have recently issued reports on AMCX shares. BidaskClub downgraded Amc Networks from a “sell” rating to a “strong sell” rating in a research report on Friday, August 23rd. ValuEngine downgraded shares of Amc Networks from a “sell” rating to a “strong sell” rating in a research note on Monday, July 22nd. Wolfe Research upgraded shares of Amc Networks from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 30th. TheStreet cut shares of Amc Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Finally, Gabelli reiterated a “buy” rating on shares of Amc Networks in a report on Tuesday, June 11th. Four analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Amc Networks has an average rating of “Hold” and a consensus price target of $60.20.

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.

Featured Article: Conference Calls

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.