AMC Networks Inc. (NASDAQ:AMCX) had its price target decreased by research analysts at Loop Capital from $61.00 to $60.00 in a note issued to investors on Thursday. The brokerage currently has a “hold” rating on the stock. Loop Capital’s target price suggests a potential upside of 7.76% from the stock’s current price.

AMCX has been the subject of a number of other research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 price objective on shares of AMC Networks in a research report on Tuesday, September 12th. Zacks Investment Research cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Wells Fargo & Company started coverage on shares of AMC Networks in a research note on Tuesday, October 10th. They set an “outperform” rating and a $72.00 target price for the company. Guggenheim cut shares of AMC Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Finally, Cowen and Company reissued a “hold” rating and set a $53.00 target price on shares of AMC Networks in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.33.

Shares of AMC Networks (NASDAQ AMCX) traded down 1.28% during trading on Thursday, reaching $54.97. The company had a trading volume of 369,152 shares. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 12.01 and a beta of 1.06. The company’s 50 day moving average is $58.09 and its 200-day moving average is $57.69. AMC Networks has a 1-year low of $46.17 and a 1-year high of $67.61.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.47. The business 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 company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. On average, equities research analysts anticipate that AMC Networks will post $6.64 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. grew its stake in shares of AMC Networks by 138.5% in the 2nd quarter. Prudential Financial Inc. now owns 337,589 shares of the company’s stock valued at $18,031,000 after buying an additional 196,030 shares during the period. First Trust Advisors LP grew its stake in shares of AMC Networks by 353.3% in the 2nd quarter. First Trust Advisors LP now owns 60,544 shares of the company’s stock valued at $3,234,000 after buying an additional 47,189 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of AMC Networks by 31.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,500 shares of the company’s stock valued at $557,000 after buying an additional 2,300 shares during the period. Morgan Stanley grew its stake in shares of AMC Networks by 73.9% in the 1st quarter. Morgan Stanley now owns 509,073 shares of the company’s stock valued at $29,873,000 after buying an additional 216,261 shares during the period. Finally, UBS Oconnor LLC purchased a new stake in shares of AMC Networks in the 1st quarter valued at approximately $4,923,000. 84.94% of the stock is owned by institutional investors and hedge funds.

AMC Networks Company 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.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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