Bronson Point Management LLC purchased a new stake in AMC Networks Inc (NASDAQ:AMCX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $2,163,000.
A number of other institutional investors have also recently bought and sold shares of the business. Jefferies Group LLC raised its holdings in AMC Networks by 26.5% in the 4th quarter. Jefferies Group LLC now owns 77,608 shares of the company’s stock valued at $4,197,000 after acquiring an additional 16,282 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in AMC Networks by 140.7% in the 4th quarter. AMP Capital Investors Ltd now owns 65,156 shares of the company’s stock valued at $3,525,000 after acquiring an additional 38,089 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in AMC Networks in the 4th quarter valued at approximately $244,000. Investec Asset Management LTD raised its holdings in AMC Networks by 0.3% in the 4th quarter. Investec Asset Management LTD now owns 1,804,415 shares of the company’s stock valued at $97,583,000 after acquiring an additional 5,043 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in AMC Networks by 523.8% in the 4th quarter. Lazard Asset Management LLC now owns 91,561 shares of the company’s stock valued at $4,950,000 after acquiring an additional 76,883 shares in the last quarter. 87.60% of the stock is owned by hedge funds and other institutional investors.
AMC Networks Inc (AMCX) opened at $52.86 on Friday. AMC Networks Inc has a twelve month low of $46.89 and a twelve month high of $67.44. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 19.07. The stock has a market capitalization of $3,155.17, a P/E ratio of 7.08, a PEG ratio of 0.88 and a beta of 0.84.
Several equities analysts have commented on the company. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a report on Thursday, December 21st. ValuEngine raised AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, December 4th. BidaskClub raised AMC Networks from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 23rd. Cowen reaffirmed a “hold” rating and issued a $63.00 price target on shares of AMC Networks in a report on Monday, February 5th. Finally, Morgan Stanley upped their price target on AMC Networks from $55.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.80.
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AMC Networks 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.
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