Barclays PLC increased its holdings in shares of Amc Networks Inc (NASDAQ:AMCX) by 25.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,331 shares of the company’s stock after purchasing an additional 20,575 shares during the quarter. Barclays PLC owned 0.18% of Amc Networks worth $5,506,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IFP Advisors Inc increased its position in Amc Networks by 17.0% during the 4th quarter. IFP Advisors Inc now owns 1,196 shares of the company’s stock worth $65,000 after purchasing an additional 174 shares in the last quarter. Stifel Financial Corp boosted its holdings in Amc Networks by 0.6% in the 4th quarter. Stifel Financial Corp now owns 43,347 shares of the company’s stock worth $2,344,000 after acquiring an additional 261 shares during the period. Hanson & Doremus Investment Management boosted its holdings in Amc Networks by 25.3% in the 4th quarter. Hanson & Doremus Investment Management now owns 1,586 shares of the company’s stock worth $87,000 after acquiring an additional 320 shares during the period. First Hawaiian Bank boosted its holdings in Amc Networks by 18.2% in the 4th quarter. First Hawaiian Bank now owns 2,198 shares of the company’s stock worth $121,000 after acquiring an additional 338 shares during the period. Finally, Comerica Bank boosted its holdings in Amc Networks by 1.2% in the 4th quarter. Comerica Bank now owns 29,311 shares of the company’s stock worth $1,894,000 after acquiring an additional 342 shares during the period. 86.96% of the stock is owned by hedge funds and other institutional investors.
AMCX has been the subject of a number of analyst reports. BidaskClub cut Amc Networks from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 13th. Zacks Investment Research upgraded Amc Networks from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Wednesday, February 6th. Finally, ValuEngine upgraded Amc Networks from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Amc Networks presently has an average rating of “Hold” and an average target price of $62.83.
Amc Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, February 28th. The company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.11. The firm had revenue of $772.85 million during the quarter, compared to analysts’ expectations of $757.41 million. Amc Networks had a return on equity of 187.32% and a net margin of 15.01%. Amc Networks’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 EPS. As a group, sell-side analysts forecast that Amc Networks Inc will post 8.49 earnings per share for the current fiscal year.
In other news, EVP James Gallagher sold 7,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $62.98, for a total transaction of $440,860.00. Following the completion of the transaction, the executive vice president now directly owns 15,964 shares in the company, valued at approximately $1,005,412.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 20.97% of the company’s stock.
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Amc Networks Profile
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.
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