Amalgamated Bank boosted its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 23.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,358 shares of the company’s stock after purchasing an additional 2,159 shares during the period. Amalgamated Bank’s holdings in AMC Networks were worth $607,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Trust Advisors LP acquired a new position in shares of AMC Networks in the 1st quarter valued at about $784,000. World Asset Management Inc purchased a new position in AMC Networks in the first quarter valued at approximately $232,000. UBS Asset Management Americas Inc. raised its holdings in AMC Networks by 27.0% in the first quarter. UBS Asset Management Americas Inc. now owns 48,536 shares of the company’s stock valued at $2,848,000 after buying an additional 10,314 shares during the period. Karp Capital Management Corp purchased a new position in AMC Networks in the first quarter valued at approximately $1,184,000. Finally, Parametric Portfolio Associates LLC raised its holdings in AMC Networks by 16.3% in the first quarter. Parametric Portfolio Associates LLC now owns 79,711 shares of the company’s stock valued at $4,677,000 after buying an additional 11,163 shares during the period. 84.99% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $65.00 price objective (up from $60.00) on shares of AMC Networks in a research note on Friday, August 4th. Moffett Nathanson restated a “sell” rating on shares of AMC Networks in a report on Friday, June 9th. BidaskClub raised shares of AMC Networks from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Cowen and Company reiterated a “hold” rating and issued a $53.00 price target on shares of AMC Networks in a report on Thursday, September 21st. Finally, Zacks Investment Research upgraded AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. AMC Networks has a consensus rating of “Hold” and a consensus price target of $57.82.

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Shares of AMC Networks Inc. (AMCX) opened at 58.60 on Tuesday. AMC Networks Inc. has a 1-year low of $46.17 and a 1-year high of $67.61. The company’s 50-day moving average is $59.12 and its 200 day moving average is $57.74. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 12.80 and a beta of 1.06.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.47. The company had revenue of $710.55 million during the quarter, compared to the consensus estimate of $715.23 million. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. On average, equities research analysts expect that AMC Networks Inc. will post $6.65 EPS for the current fiscal year.

AMC Networks announced that its board has authorized a share repurchase plan on Wednesday, June 7th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 13.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

AMC Networks Profile

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

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

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