Axa cut its position in shares of AMC Networks Inc (NASDAQ:AMCX) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,800 shares of the company’s stock after selling 22,300 shares during the period. Axa’s holdings in AMC Networks were worth $12,049,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investec Asset Management LTD raised its position in shares of AMC Networks by 0.3% in the 4th quarter. Investec Asset Management LTD now owns 1,804,415 shares of the company’s stock worth $97,583,000 after acquiring an additional 5,043 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of AMC Networks by 523.8% in the 4th quarter. Lazard Asset Management LLC now owns 91,561 shares of the company’s stock worth $4,950,000 after acquiring an additional 76,883 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of AMC Networks by 14.7% in the 4th quarter. OppenheimerFunds Inc. now owns 14,727 shares of the company’s stock worth $796,000 after acquiring an additional 1,883 shares in the last quarter. ARP Americas LP acquired a new position in AMC Networks during the 4th quarter valued at about $1,336,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in AMC Networks during the 4th quarter valued at about $2,046,000. 87.60% of the stock is owned by hedge funds and other institutional investors.
Shares of AMC Networks Inc (AMCX) opened at $52.86 on Friday. The company has a debt-to-equity ratio of 19.07, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a market capitalization of $3,155.17, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.88 and a beta of 0.84. AMC Networks Inc has a one year low of $46.89 and a one year high of $67.44.
Several brokerages recently issued reports on AMCX. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. ValuEngine raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. BidaskClub raised AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 23rd. Cowen reaffirmed a “hold” rating and set a $63.00 target price on shares of AMC Networks in a research report on Monday, February 5th. Finally, Morgan Stanley upped their target price on AMC Networks from $55.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.80.
ILLEGAL ACTIVITY NOTICE: “AMC Networks Inc (AMCX) Shares Sold by Axa” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3254662/amc-networks-inc-amcx-shares-sold-by-axa.html.
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.
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 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.