FBR & Co began coverage on shares of AMC Networks Inc. (NASDAQ:AMCX) in a research report report published on Thursday morning, StockTargetPrices.com reports. The firm issued an outperform rating on the stock.
Other research analysts have also recently issued research reports about the company. Albert Fried & Company reaffirmed a buy rating on shares of AMC Networks in a research report on Tuesday, July 12th. Goldman Sachs Group Inc. dropped their price target on AMC Networks from $84.00 to $73.00 and set a buy rating on the stock in a research report on Friday, August 5th. Stifel Nicolaus dropped their price target on AMC Networks from $89.00 to $70.00 and set a buy rating on the stock in a research report on Wednesday, July 20th. Credit Agricole SA set a $89.00 price target on AMC Networks and gave the company a buy rating in a research report on Saturday, September 17th. Finally, Nomura dropped their price target on AMC Networks from $70.00 to $63.00 and set a buy rating on the stock in a research report on Thursday, September 22nd. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $73.53.
AMC Networks (NASDAQ:AMCX) traded down 2.42% on Thursday, reaching $51.25. The company’s stock had a trading volume of 193,093 shares. AMC Networks has a 52-week low of $49.93 and a 52-week high of $83.78. The stock’s 50 day moving average price is $52.92 and its 200 day moving average price is $59.32. The firm has a market cap of $3.66 billion, a PE ratio of 10.67 and a beta of 0.84.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.28. AMC Networks had a return on equity of 1,153.89% and a net margin of 13.08%. The business had revenue of $685 million for the quarter, compared to analysts’ expectations of $676.87 million. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. Equities research analysts expect that AMC Networks will post $5.56 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Bremer Trust National Association purchased a new position in shares of AMC Networks during the third quarter valued at approximately $574,000. Northwestern Mutual Investment Management Company LLC raised its position in shares of AMC Networks by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,564 shares of the company’s stock valued at $638,000 after buying an additional 56 shares during the period. Mason Street Advisors LLC purchased a new position in shares of AMC Networks during the second quarter valued at approximately $1,686,000. IFP Advisors Inc raised its position in shares of AMC Networks by 5.6% in the second quarter. IFP Advisors Inc now owns 9,788 shares of the company’s stock valued at $591,000 after buying an additional 516 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of AMC Networks by 2.3% in the second quarter. Public Employees Retirement System of Ohio now owns 24,367 shares of the company’s stock valued at $1,472,000 after buying an additional 556 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.
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. The Company operates through two segments: National Networks, and International and Other. The National Networks segment principally includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
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