AMC Networks Inc (AMCX) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC boosted its holdings in AMC Networks Inc (NASDAQ:AMCX) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 763,100 shares of the company’s stock after acquiring an additional 5,500 shares during the quarter. Gabelli Funds LLC’s holdings in AMC Networks were worth $41,268,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMCX. Investec Asset Management LTD boosted its stake in AMC Networks by 45.0% in the third quarter. Investec Asset Management LTD now owns 1,799,372 shares of the company’s stock valued at $105,209,000 after buying an additional 558,579 shares in the last quarter. Boston Partners boosted its stake in shares of AMC Networks by 110.6% during the fourth quarter. Boston Partners now owns 819,011 shares of the company’s stock valued at $44,292,000 after purchasing an additional 430,169 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of AMC Networks during the third quarter valued at about $20,212,000. LSV Asset Management boosted its stake in shares of AMC Networks by 24.9% during the fourth quarter. LSV Asset Management now owns 1,602,183 shares of the company’s stock valued at $86,646,000 after purchasing an additional 319,011 shares in the last quarter. Finally, AXA boosted its stake in shares of AMC Networks by 468.7% during the third quarter. AXA now owns 245,100 shares of the company’s stock valued at $14,331,000 after purchasing an additional 202,000 shares in the last quarter. 86.47% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Inc (NASDAQ:AMCX) opened at $48.91 on Tuesday. AMC Networks Inc has a 1 year low of $46.89 and a 1 year high of $67.61. The company has a debt-to-equity ratio of 37.53, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a market capitalization of $3,159.96, a PE ratio of 9.65, a PEG ratio of 0.94 and a beta of 0.91.

A number of brokerages have recently commented on AMCX. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. Cowen reissued a “hold” rating and set a $63.00 price target on shares of AMC Networks in a research note on Monday. Piper Jaffray Companies set a $60.00 price target on AMC Networks and gave the company a “hold” rating in a research note on Wednesday, November 1st. ValuEngine raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Finally, BidaskClub raised AMC Networks from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $62.42.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://sportsperspectives.com/2018/02/06/amc-networks-inc-amcx-shares-bought-by-gabelli-funds-llc.html.

About AMC Networks

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).

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.

Latest News

Leave a Reply