November 30, 2016 - By Dolores Ford · 0 Comments
Amc Networks Inc (NASDAQ:AMCX) institutional sentiment is 1.01 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as only 141 funds started new or increased equity positions, while 139 cut down and sold equity positions in Amc Networks Inc. The funds in our partner’s database now own: 58.79 million shares, down from 62.21 million shares in 2016Q1. Also, the number of funds holding Amc Networks Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 49 Reduced: 90 Increased: 109 New Position: 32.
AMC Networks Inc. is a holding company, which conducts all of its activities through its subsidiaries. The company has a market cap of $4.03 billion. The Firm owns and operates entertainment businesses and assets. It has a 11.66 P/E ratio. The Firm operates through two divisions: National Networks, and International and Other.
About 305,373 shares traded hands. AMC Networks Inc (NASDAQ:AMCX) has declined 15.55% since April 27, 2016 and is downtrending. It has underperformed by 20.78% the S&P500.
Analysts await AMC Networks Inc (NASDAQ:AMCX) to report earnings on February, 23. They expect $1.37 EPS, up 4.58% or $0.06 from last year’s $1.31 per share. AMCX’s profit will be $99.88M for 10.09 P/E if the $1.37 EPS becomes a reality. After $1.01 actual EPS reported by AMC Networks Inc for the previous quarter, Wall Street now forecasts 35.64% EPS growth.
According to Zacks Investment Research, “AMC Networks Inc. is engaged in producing programming and movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films. The AMC is a television network which focuses on the original programming and movie-based entertainment. IFC creates long and short-form content inspired by music, web, gaming, animation, news, and culture. The Sundance Channel is the television destination for independent-minded viewers. The WE tv is the women’s network specially devoted to the relationships during life’s defining moments. The IFC films consist of multiple brands that bring specialty films to the largest possible audience. AMC Networks Inc. is headquartered in New York, New York.”
Hs Management Partners Llc holds 4.4% of its portfolio in AMC Networks Inc for 1.75 million shares. Delphi Management Inc Ma owns 35,542 shares or 1.38% of their US portfolio. Moreover, Tealwood Asset Management Inc has 1.26% invested in the company for 46,410 shares. The New York-based Pinnacle Associates Ltd has invested 1.08% in the stock. Consolidated Investment Group Llc, a Colorado-based fund reported 31,375 shares.#img1#
Ratings analysis reveals 47% of AMC Networks’s analysts are positive. Out of 19 Wall Street analysts rating AMC Networks, 9 give it “Buy”, 2 “Sell” rating, while 8 recommend “Hold”. The lowest target is $37 while the high is $97. The stock’s average target of $71.88 is 30.03% above today’s ($55.28) share price. AMCX was included in 39 notes of analysts from August 3, 2015. The stock of AMC Networks Inc (NASDAQ:AMCX) earned “Outperform” rating by Macquarie Research on Tuesday, April 26. On Thursday, November 3 the stock rating was downgraded by Albert Fried to “Underweight”. On Monday, August 10 the stock rating was maintained by JP Morgan with “Hold”. The stock of AMC Networks Inc (NASDAQ:AMCX) has “Hold” rating given on Thursday, November 12 by Topeka Capital Markets. The company was maintained on Monday, February 22 by Topeka Capital Markets. As per Thursday, October 6, the company rating was initiated by FBR Capital. The firm earned “Hold” rating on Tuesday, August 9 by Loop Capital. Albert Fried maintained the shares of AMCX in a report on Wednesday, August 26 with “Buy” rating. As per Monday, July 11, the company rating was maintained by Jefferies. The stock of AMC Networks Inc (NASDAQ:AMCX) has “Sell” rating given on Friday, July 15 by UBS.
AMC Networks Inc., incorporated on March 9, 2011, is a holding company, which conducts all of its activities through its subsidiaries. The Firm owns and operates entertainment businesses and assets. The Firm operates through two divisions: 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. The International and Other segment principally includes AMC Networks International (AMCNI), the Company’s international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Company’s independent film distribution business; AMCNI- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing online content distribution initiatives.
More notable recent AMC Networks Inc (NASDAQ:AMCX) news were published by: Fool.com which released: “AMC Networks Inc. Earnings: Content Creation Pays Off” on November 04, 2016, also Fool.com with their article: “Earnings Preview: Can AMC Networks, Inc. Turn Things Around?” published on August 02, 2016, Marketwatch.com published: “AMC Networks takes minority stake in Funny or Die” on November 16, 2016. More interesting news about AMC Networks Inc (NASDAQ:AMCX) were released by: Thewrap.com and their article: “IFC Parent AMC Networks Acquires Minority Stake in Funny Or Die” published on November 15, 2016 as well as Bloomberg.com‘s news article titled: “AMC Networks Invests $65 Million in RLJ Entertainment” with publication date: October 17, 2016.
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By Dolores Ford