GAMMA Investing LLC Acquires New Shares in AMC Networks Inc. (NASDAQ:AMCX)

GAMMA Investing LLC bought a new position in shares of AMC Networks Inc. (NASDAQ:AMCX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,826 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMCX. Vanguard Group Inc. raised its position in shares of AMC Networks by 0.9% during the third quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after buying an additional 30,721 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in AMC Networks by 29.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,374,249 shares of the company’s stock worth $16,189,000 after buying an additional 314,486 shares during the last quarter. Invesco Ltd. grew its stake in AMC Networks by 6.2% during the third quarter. Invesco Ltd. now owns 528,954 shares of the company’s stock worth $6,231,000 after buying an additional 30,646 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its holdings in shares of AMC Networks by 14.1% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 383,384 shares of the company’s stock valued at $7,204,000 after purchasing an additional 47,466 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of AMC Networks by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 359,992 shares of the company’s stock valued at $4,241,000 after purchasing an additional 10,439 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMCX shares. Morgan Stanley reduced their price target on AMC Networks from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Monday, February 12th. TheStreet upgraded AMC Networks from a “d+” rating to a “c-” rating in a research note on Tuesday, February 13th. Finally, StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.75.

AMC Networks Price Performance

Shares of AMC Networks stock opened at $11.85 on Monday. AMC Networks Inc. has a twelve month low of $9.87 and a twelve month high of $20.97. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.14. The company has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $14.62. The stock has a market capitalization of $516.19 million, a price-to-earnings ratio of 2.42 and a beta of 1.22.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, February 9th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $678.80 million for the quarter, compared to analyst estimates of $675.97 million. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The business’s quarterly revenue was down 29.6% compared to the same quarter last year. During the same period last year, the firm earned $2.52 EPS. Analysts forecast that AMC Networks Inc. will post 6.87 EPS for the current year.

AMC Networks Company Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.