Campbell & CO Investment Adviser LLC Sells 608 Shares of Amc Networks Inc (NASDAQ:AMCX)

Share on StockTwits

Campbell & CO Investment Adviser LLC decreased its holdings in shares of Amc Networks Inc (NASDAQ:AMCX) by 9.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,897 shares of the company’s stock after selling 608 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Amc Networks were worth $290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Amc Networks by 0.4% during the second quarter. Vanguard Group Inc. now owns 4,058,250 shares of the company’s stock valued at $221,134,000 after purchasing an additional 15,224 shares in the last quarter. LSV Asset Management increased its stake in shares of Amc Networks by 2.1% during the second quarter. LSV Asset Management now owns 2,771,265 shares of the company’s stock valued at $151,006,000 after purchasing an additional 57,000 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Amc Networks by 57.6% during the second quarter. AQR Capital Management LLC now owns 2,557,614 shares of the company’s stock valued at $138,674,000 after purchasing an additional 934,831 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Amc Networks by 57.4% during the second quarter. Nuveen Asset Management LLC now owns 675,151 shares of the company’s stock valued at $36,789,000 after purchasing an additional 246,275 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Amc Networks by 5.8% during the first quarter. FMR LLC now owns 414,800 shares of the company’s stock valued at $23,544,000 after purchasing an additional 22,683 shares in the last quarter. 85.88% of the stock is owned by institutional investors and hedge funds.

AMCX has been the subject of a number of analyst reports. Evercore ISI downgraded shares of Amc Networks from an “in-line” rating to an “underperform” rating and set a $50.00 target price for the company. in a research note on Monday, October 14th. BidaskClub downgraded shares of Amc Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday. TheStreet downgraded shares of Amc Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, August 27th. Wolfe Research raised shares of Amc Networks from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Co began coverage on shares of Amc Networks in a research report on Monday, September 23rd. They set a “market perform” rating and a $58.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $56.67.

Shares of AMCX opened at $47.52 on Monday. The company has a market capitalization of $2.66 billion, a P/E ratio of 5.47, a price-to-earnings-growth ratio of 0.60 and a beta of 0.85. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 5.80. The firm has a 50 day moving average of $48.68 and a 200 day moving average of $53.47. Amc Networks Inc has a twelve month low of $45.98 and a twelve month high of $68.42.

Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $2.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.65. The company had revenue of $772.30 million during the quarter, compared to the consensus estimate of $783.03 million. Amc Networks had a net margin of 15.04% and a return on equity of 127.16%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.93 earnings per share. On average, sell-side analysts expect that Amc Networks Inc will post 8.73 EPS for the current year.

About Amc Networks

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

Featured Story: Capital gains and your 401(k) or IRA

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).

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

Receive News & Ratings for Amc Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amc Networks and related companies with MarketBeat.com's FREE daily email newsletter.