Amc Networks Inc (AMCX) Holdings Decreased by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Amc Networks Inc (NASDAQ:AMCX) by 10.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,761 shares of the company’s stock after selling 1,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Amc Networks were worth $648,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of AMCX. LSV Asset Management lifted its stake in shares of Amc Networks by 31.0% during the 3rd quarter. LSV Asset Management now owns 2,670,585 shares of the company’s stock worth $177,166,000 after purchasing an additional 631,430 shares during the period. Ardevora Asset Management LLP purchased a new position in shares of Amc Networks during the 3rd quarter worth $14,770,000. Millennium Management LLC lifted its stake in shares of Amc Networks by 326.5% during the 2nd quarter. Millennium Management LLC now owns 223,369 shares of the company’s stock worth $13,894,000 after purchasing an additional 170,997 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Amc Networks in the 2nd quarter worth $8,754,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of Amc Networks in the 2nd quarter worth $8,351,000. 85.97% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the company. ValuEngine raised Amc Networks from a “strong sell” rating to a “sell” rating in a research report on Monday, August 20th. BidaskClub raised Amc Networks from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Goldman Sachs Group lowered Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 target price on the stock. in a research report on Thursday, October 4th. Finally, Zacks Investment Research raised Amc Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $62.20.
Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, November 1st. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.37. Amc Networks had a return on equity of 221.77% and a net margin of 17.76%. The firm had revenue of $696.87 million during the quarter, compared to the consensus estimate of $693.20 million. During the same period in the prior year, the firm earned $1.68 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts forecast that Amc Networks Inc will post 8.34 earnings per share for the current year.
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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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