AMC Networks Inc. (NASDAQ:AMCX) Issues Earnings Results

The firm presently has a "hold" rating on the stock. They issued an "outperform" rating and a $72.00 price target for the company.

Other equities research analysts have also recently issued reports about the company. Jefferies Group LLC reaffirmed a "hold" rating and set a $65.00 price objective on shares of AMC Networks in a report on Tuesday, September 12th. Finally, Loop Capital dropped their target price on AMC Networks from $61.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, October 19th.

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. Morgan Stanley lowered their price target on AMC Networks from $60.00 to $55.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 31st. TheStreet upgraded AMC Networks from a "c" rating to a "b-" rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. The stock now has an average rating of "Hold" and a consensus target price of $58.00. (NASDAQ:AMCX) traded down $0.81 during midday trading on Monday, hitting $48.46. The stock has a market cap of $2,997.88, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. The firm has a 50-day moving average price of $52.45 and a 200 day moving average price of $54.58. AMC Networks has a 1-year low of $46.17 and a 1-year high of $78.93. The company reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.53. The business earned $634.60 million during the quarter, compared to analyst estimates of $660.58 million. Networks had a net margin of 12.12% and a return on equity of 948.45%. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company's stock valued at $116,000 after acquiring an additional 181 shares during the last quarter.

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Several hedge funds have recently modified their holdings of the company.

Short traders are more bearish on shares of Amc Networks Cl A lately as evidenced by the uptick in short interest. Riverhead Capital Management LLC now owns 3,228 shares of the company's stock valued at $172,000 after acquiring an additional 1,328 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AMC Networks by 14.3% in the third quarter. Its position was worth $6,230,000 an increase of $206,000 as of quarter end. As of quarter end Dimensional Fund Advisors Lp had acquired 26,762 shares growing its stake by 7.8%. Finally, PNC Financial Services Group Inc. increased its stake in shares of AMC Networks by 2.8% in the 2nd quarter. The value of the company's investment in Amc Networks Cl A increased from $43,191,000 to $45,933,000 increasing 6.3% quarter to quarter.

Here are a few institutional investors who have updated their positions.

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