Shares of AMC Networks Inc. (NASDAQ:AMCX – Get Free Report) have obtained a consensus advice of “Scale back” from the 4 analysts which are protecting the agency, Marketbeat Rankings reviews. Two funding analysts have rated the inventory with a promote ranking and two have assigned a maintain ranking to the corporate. The common 12-month goal value amongst analysts which have up to date their protection on the inventory within the final 12 months is $11.00.
A number of analysts have just lately commented on AMCX shares. StockNews.com lowered AMC Networks from a “purchase” ranking to a “maintain” ranking in a report on Friday, July twelfth. Wells Fargo & Firm decreased their value goal on AMC Networks from $11.00 to $8.00 and set an “underweight” ranking for the corporate in a analysis notice on Monday, August twelfth.
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Hedge Funds Weigh In On AMC Networks
A lot of hedge funds and different institutional traders have just lately added to or diminished their stakes within the firm. Value T Rowe Associates Inc. MD elevated its holdings in AMC Networks by 3.5% within the 1st quarter. Value T Rowe Associates Inc. MD now owns 42,811 shares of the corporate’s inventory value $520,000 after shopping for a further 1,434 shares throughout the interval. EMC Capital Administration raised its holdings in shares of AMC Networks by 23.8% throughout the first quarter. EMC Capital Administration now owns 7,792 shares of the corporate’s inventory value $95,000 after buying a further 1,500 shares over the past quarter. Quarry LP lifted its place in AMC Networks by 119.2% throughout the second quarter. Quarry LP now owns 4,295 shares of the corporate’s inventory valued at $41,000 after buying a further 2,336 shares throughout the interval. Swiss Nationwide Financial institution boosted its holdings in AMC Networks by 6.1% within the first quarter. Swiss Nationwide Financial institution now owns 57,000 shares of the corporate’s inventory valued at $691,000 after buying a further 3,300 shares over the past quarter. Lastly, Linden Thomas Advisory Companies LLC boosted its holdings in AMC Networks by 10.2% within the second quarter. Linden Thomas Advisory Companies LLC now owns 35,841 shares of the corporate’s inventory valued at $346,000 after buying a further 3,322 shares over the past quarter. Hedge funds and different institutional traders personal 78.51% of the corporate’s inventory.
AMC Networks Inventory Efficiency
Shares of AMC Networks inventory opened at $8.53 on Wednesday. The corporate has a market capitalization of $371.58 million, a PE ratio of two.39 and a beta of 1.29. The corporate has a 50-day easy shifting common of $9.54 and a two-hundred day easy shifting common of $11.48. AMC Networks has a one 12 months low of $7.08 and a one 12 months excessive of $20.97. The corporate has a debt-to-equity ratio of two.17, a fast ratio of two.13 and a present ratio of two.13.
AMC Networks (NASDAQ:AMCX – Get Free Report) final posted its earnings outcomes on Friday, August ninth. The corporate reported $1.24 EPS for the quarter, lacking analysts’ consensus estimates of $1.52 by ($0.28). The agency had income of $625.90 million for the quarter, in comparison with analysts’ expectations of $601.41 million. AMC Networks had a web margin of two.29% and a return on fairness of 20.47%. The corporate’s income was down 7.8% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the corporate earned $2.02 EPS. Analysis analysts anticipate that AMC Networks will publish 4.86 EPS for the present fiscal 12 months.
AMC Networks Firm Profile
AMC Networks Inc, an leisure firm, owns and operates a set of video leisure merchandise which are delivered to audiences, a platform to distributors, and advertisers in the US, Europe, and internationally. The corporate operates via Home Operations, and Worldwide and Different segments.
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