AMC Networks (AMCX) Getting Somewhat Favorable Media Coverage, Analysis Shows

Judith Bessette
Agosto 13, 2017

(NASDAQ:AMCX) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 44,964 shares of the company's stock after buying an additional 5,975 shares during the period. Janney Montgomery Scott LLC's holdings in AMC Networks were worth $1,143,000 at the end of the most recent quarter. Accern also gave press coverage about the company an impact score of 46.4281033619957 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. Oppenheimer Asset Management Inc. purchased a new position in shares of AMC Networks during the first quarter worth $194,000. RNC Capital Management LLC boosted its position in shares of AMC Networks by 10.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 670,360 shares of the company's stock valued at $39,337,000 after buying an additional 628,484 shares during the period. Greenwood Capital Associates LLC increased its position in shares of AMC Networks by 4.4% in the first quarter. BlackRock Inc. now owns 5,048,490 shares of the company's stock valued at $296,245,000 after buying an additional 4,922,108 shares during the period. Norges Bank purchased a new stake in shares of AMC Networks during the fourth quarter valued at approximately $29,945,000. Wrapmanager Inc. now owns 4,102 shares of the company's stock valued at $219,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 81.89% of the company's stock. The value of the company's investment in AMC Networks Inc. went from $540,000 to $607,000 a change of 12.4% quarter over quarter. (AMCX) opened at 62.01 on Thursday.

The P/E ratio is now 13.31 and market capitalization is 3.87B.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.47. The business had revenue of $710.55 million during the quarter, compared to analysts' expectations of $715.23 million. During the same period a year ago, the firm posted $1.15 EPS. On average, equities analysts forecast that AMC Networks will post $6.64 EPS for the current fiscal year.

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AMC Networks declared that its board has approved a stock repurchase program on Wednesday, June 7th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 13.9% of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued. If you are reading this news story on another website, it was copied illegally and republished in violation of USA and global trademark & copyright legislation. "(NASDAQ:AMCX) Stake Reduced by Algert Global LLC" was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another domain, it was stolen and reposted in violation of global trademark & copyright laws. The legal version of this story can be viewed at https://www.com-unik.info/2017/08/12/amc-networks-inc-nasdaqamcx-stake-reduced-by-algert-global-llc.html.

AMCX has been the topic of several research analyst reports. Moffett Nathanson reaffirmed a "sell" rating on shares of AMC Networks in a research note on Friday, June 9th. Investec Asset Management North America, Inc. controls 18,428 shares valued at $984,000. BidaskClub raised AMC Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised AMC Networks from a "hold" rating to a "buy" rating and set a $63.00 target price on the stock in a research note on Thursday, July 13th. Finally, Deutsche Bank AG dropped their target price on shares of AMC Networks from $65.00 to $61.00 and set a "hold" rating on the stock in a research note on Monday, May 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and a consensus price target of $61.25.

In taking a look at technical levels, AMC Networks Inc. The Company owns and operates entertainment businesses and assets. It operates through two divisions: National Networks, and global and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

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