AMC Networks logoYousif Capital Management LLC trimmed its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX – Get Rating) by 9.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,289 shares of the company’s stock after selling 2,415 shares during the quarter. Yousif Capital Management LLC’s holdings in AMC Networks were worth $707,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio acquired a new stake in AMC Networks in the first quarter valued at approximately $65,000. KBC Group NV acquired a new stake in shares of AMC Networks during the second quarter worth $75,000. Captrust Financial Advisors lifted its position in AMC Networks by 78.4% during the first quarter. Captrust Financial Advisors now owns 1,984 shares of the company’s stock valued at $81,000 after purchasing an additional 872 shares during the period. Quantbot Technologies LP acquired a new position in AMC Networks during the first quarter valued at $99,000. Finally, Dupont Capital Management Corp acquired a new position in AMC Networks during the second quarter valued at $175,000. 66.24% of the stock is owned by hedge funds and other institutional investors.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $22.51 on Tuesday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $953.88 million, a price-to-earnings ratio of 3.11 and a beta of 1.14. The company’s 50-day moving average is $23.21 and its two-hundred day moving average is $29.46. AMC Networks Inc. has a 1-year low of $19.91 and a 1-year high of $51.51.

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AMC Networks (NASDAQ:AMCX – Get Rating) last posted its earnings results on Friday, August 5th. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.08. The company had revenue of $738.00 million for the quarter, compared to analyst estimates of $777.93 million. AMC Networks had a net margin of 10.29% and a return on equity of 36.11%. AMC Networks’ revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.45 EPS. Analysts forecast that AMC Networks Inc. will post 8.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMCX shares. The Goldman Sachs Group decreased their target price on shares of AMC Networks from $32.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, October 11th. Wells Fargo & Company decreased their target price on shares of AMC Networks from $27.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, October 4th. Moffett Nathanson cut their price objective on shares of AMC Networks to $30.00 in a report on Friday, July 22nd. Morgan Stanley cut their target price on shares of AMC Networks from $35.00 to $33.00 in a research note on Monday, August 8th. Finally, Cowen lowered their price target on shares of AMC Networks to $36.00 in a research report on Monday, August 15th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.75.

About AMC Networks

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AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other.

See Also

Want to see what other hedge funds are holding AMCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMC Networks Inc. (NASDAQ:AMCX – Get Rating).

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

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