SG Americas Securities LLC decreased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 53.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,667 shares of the company’s stock after selling 10,941 shares during the period. SG Americas Securities LLC’s holdings in AMC Networks were worth $565,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMCX. Advisor Group Inc. raised its holdings in AMC Networks by 24.4% during the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock worth $112,000 after buying an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AMC Networks by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after purchasing an additional 181 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of AMC Networks in the second quarter valued at about $153,000. Riverhead Capital Management LLC raised its holdings in shares of AMC Networks by 69.9% in the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after purchasing an additional 1,328 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 86.95% of the company’s stock.
AMCX has been the subject of several analyst reports. Jefferies Group reiterated a “hold” rating and issued a $65.00 target price on shares of AMC Networks in a report on Tuesday, September 12th. Sanford C. Bernstein reiterated a “market perform” rating on shares of AMC Networks in a report on Tuesday, September 12th. Cowen reiterated a “hold” rating and issued a $53.00 target price on shares of AMC Networks in a report on Thursday, September 21st. Wells Fargo & Company initiated coverage on shares of AMC Networks in a report on Tuesday, October 10th. They issued an “outperform” rating and a $72.00 target price for the company. Finally, Guggenheim downgraded shares of AMC Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $61.73.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.53. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. equities analysts forecast that AMC Networks Inc. will post 7.01 EPS for the current year.
AMC Networks Company Profile
AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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).
Receive News & Ratings for AMC Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.