S. Muoio & CO. LLC Has $3.32 Million Stock Holdings in Amc Networks Inc (NASDAQ:AMCX)

S. Muoio & CO. LLC cut its holdings in Amc Networks Inc (NASDAQ:AMCX) by 6.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 61,008 shares of the company’s stock after selling 4,000 shares during the quarter. Amc Networks makes up about 2.7% of S. Muoio & CO. LLC’s holdings, making the stock its 12th largest holding. S. Muoio & CO. LLC’s holdings in Amc Networks were worth $3,324,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mason Street Advisors LLC grew its position in shares of Amc Networks by 0.8% in the 1st quarter. Mason Street Advisors LLC now owns 23,786 shares of the company’s stock valued at $1,350,000 after purchasing an additional 191 shares during the period. Hanson & Doremus Investment Management grew its position in shares of Amc Networks by 14.2% in the 1st quarter. Hanson & Doremus Investment Management now owns 1,812 shares of the company’s stock valued at $103,000 after purchasing an additional 226 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Amc Networks by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,271 shares of the company’s stock valued at $996,000 after purchasing an additional 256 shares during the period. California State Teachers Retirement System lifted its stake in Amc Networks by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 69,266 shares of the company’s stock valued at $3,932,000 after acquiring an additional 314 shares in the last quarter. Finally, Empirical Finance LLC lifted its stake in Amc Networks by 0.9% in the 2nd quarter. Empirical Finance LLC now owns 37,981 shares of the company’s stock valued at $2,070,000 after acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 88.74% of the company’s stock.

In other news, EVP James Gallagher sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $54.61, for a total transaction of $273,050.00. Following the sale, the executive vice president now owns 15,689 shares in the company, valued at approximately $856,776.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sean S. Sullivan sold 27,232 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $54.61, for a total value of $1,487,139.52. Following the sale, the chief financial officer now owns 40,090 shares in the company, valued at approximately $2,189,314.90. The disclosure for this sale can be found here. Insiders own 21.29% of the company’s stock.

Several research firms have commented on AMCX. ValuEngine cut Amc Networks from a “sell” rating to a “strong sell” rating in a research note on Monday, July 22nd. Zacks Investment Research cut Amc Networks from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. BidaskClub upgraded Amc Networks from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 6th. Gabelli restated a “buy” rating on shares of Amc Networks in a research note on Tuesday, June 11th. Finally, Wolfe Research upgraded Amc Networks from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $60.20.

NASDAQ AMCX traded up $0.63 during trading on Friday, hitting $50.21. The stock had a trading volume of 17,875 shares, compared to its average volume of 577,141. The company has a market capitalization of $2.85 billion, a PE ratio of 5.78, a P/E/G ratio of 0.64 and a beta of 0.85. The company’s 50-day moving average price is $53.90 and its two-hundred day moving average price is $57.38. The company has a debt-to-equity ratio of 5.80, a quick ratio of 2.65 and a current ratio of 2.65. Amc Networks Inc has a 12 month low of $48.83 and a 12 month high of $68.42.

Amc Networks (NASDAQ:AMCX) last released its earnings results on Wednesday, July 31st. The company reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.65. The firm had revenue of $772.30 million for the quarter, compared to analysts’ expectations of $783.03 million. Amc Networks had a return on equity of 127.16% and a net margin of 15.04%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.93 EPS. As a group, equities analysts anticipate that Amc Networks Inc will post 8.73 earnings per share for the current fiscal year.

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

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