AMC Networks Inc. (NASDAQ:AMCX) had its price target lowered by Loop Capital from $60.00 to $55.00 in a research report released on Friday. The brokerage currently has a hold rating on the stock.

AMCX has been the subject of several other research reports. Guggenheim downgraded shares of AMC Networks from a buy rating to a neutral rating in a research report on Thursday, October 12th. BidaskClub upgraded shares of AMC Networks from a hold rating to a buy rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of AMC Networks from a hold rating to a buy rating and set a $63.00 target price for the company in a report on Thursday, July 13th. Wells Fargo & Company initiated coverage on shares of AMC Networks in a report on Tuesday, October 10th. They set an outperform rating and a $72.00 target price for the company. Finally, Sanford C. Bernstein restated a market perform rating on shares of AMC Networks in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $58.00.

Shares of AMC Networks (NASDAQ:AMCX) traded down $1.04 during mid-day trading on Friday, hitting $47.50. 1,621,309 shares of the stock traded hands, compared to its average volume of 1,069,855. The company has a debt-to-equity ratio of 43.05, a current ratio of 1.55 and a quick ratio of 1.55. AMC Networks has a 52 week low of $47.44 and a 52 week high of $67.61. The company has a market capitalization of $3,019.29, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.09.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 1,224.87%. The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. sell-side analysts predict that AMC Networks will post 6.76 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in AMCX. OppenheimerFunds Inc. lifted its stake in AMC Networks by 8.2% in the first quarter. OppenheimerFunds Inc. now owns 11,924 shares of the company’s stock valued at $700,000 after acquiring an additional 899 shares during the last quarter. Wellington Management Group LLP lifted its stake in AMC Networks by 34.4% in the first quarter. Wellington Management Group LLP now owns 21,431 shares of the company’s stock valued at $1,258,000 after acquiring an additional 5,486 shares during the last quarter. Teachers Advisors LLC lifted its stake in AMC Networks by 59.1% in the first quarter. Teachers Advisors LLC now owns 107,787 shares of the company’s stock valued at $6,325,000 after acquiring an additional 40,022 shares during the last quarter. Legal & General Group Plc lifted its stake in AMC Networks by 114.3% in the first quarter. Legal & General Group Plc now owns 38,948 shares of the company’s stock valued at $2,285,000 after acquiring an additional 20,770 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in AMC Networks by 3.7% in the first quarter. Thrivent Financial For Lutherans now owns 10,497 shares of the company’s stock valued at $616,000 after acquiring an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 85.06% of the company’s stock.

About AMC Networks

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.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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