Amc Networks Inc (AMCX) Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC decreased its holdings in shares of Amc Networks Inc (NASDAQ:AMCX) by 50.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,800 shares of the company’s stock after selling 13,870 shares during the period. Wellington Shields Capital Management LLC’s holdings in Amc Networks were worth $915,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AMCX. First Hawaiian Bank purchased a new stake in shares of Amc Networks during the third quarter worth about $123,000. Advisors Preferred LLC grew its stake in shares of Amc Networks by 265.9% during the second quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock worth $125,000 after acquiring an additional 1,460 shares during the last quarter. IFG Advisory LLC purchased a new stake in shares of Amc Networks during the third quarter worth about $209,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Amc Networks during the second quarter worth about $213,000. Finally, Creative Planning purchased a new stake in shares of Amc Networks during the second quarter worth about $245,000. Institutional investors and hedge funds own 84.49% of the company’s stock.

NASDAQ AMCX traded up $0.22 during trading hours on Friday, reaching $60.22. The stock had a trading volume of 3,025 shares, compared to its average volume of 849,677. The firm has a market cap of $3.48 billion, a P/E ratio of 8.13, a P/E/G ratio of 0.81 and a beta of 0.79. Amc Networks Inc has a 52-week low of $46.89 and a 52-week high of $69.02. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 10.69.

Amc Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, November 1st. The company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.37. Amc Networks had a return on equity of 221.77% and a net margin of 17.76%. The business had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. During the same quarter in the prior year, the firm posted $1.68 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts expect that Amc Networks Inc will post 8.27 earnings per share for the current year.

A number of equities research analysts recently commented on AMCX shares. BidaskClub lowered Amc Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. ValuEngine upgraded Amc Networks from a “strong sell” rating to a “sell” rating in a research report on Monday, August 20th. Imperial Capital started coverage on Amc Networks in a research report on Thursday, July 19th. They issued an “in-line” rating and a $65.00 target price on the stock. Goldman Sachs Group lowered Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 target price on the stock. in a research report on Thursday, October 4th. Finally, Zacks Investment Research lowered Amc Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $62.20.

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About Amc Networks

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for Amc Networks (NASDAQ:AMCX)

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