Yousif 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.
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
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.
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