Sei Investments Co. lessened its position in AMC Networks Inc. (NASDAQ:AMCX) by 94.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,507 shares of the company’s stock after selling 46,475 shares during the period. Sei Investments Co.’s holdings in AMC Networks were worth $146,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Alps Advisors Inc. acquired a new stake in shares of AMC Networks in the third quarter valued at about $487,000. Boston Partners lifted its stake in shares of AMC Networks by 2.3% in the third quarter. Boston Partners now owns 388,842 shares of the company’s stock valued at $22,736,000 after purchasing an additional 8,568 shares during the period. American Century Companies Inc. acquired a new stake in shares of AMC Networks in the third quarter valued at about $20,212,000. Canada Pension Plan Investment Board lifted its stake in shares of AMC Networks by 174.0% in the third quarter. Canada Pension Plan Investment Board now owns 127,386 shares of the company’s stock valued at $7,448,000 after purchasing an additional 80,900 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of AMC Networks in the third quarter valued at about $218,000. Hedge funds and other institutional investors own 86.95% of the company’s stock.

AMC Networks Inc. (NASDAQ:AMCX) opened at $55.33 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. The stock has a market cap of $3,422.88, a PE ratio of 7.95, a price-to-earnings-growth ratio of 1.04 and a beta of 1.10. AMC Networks Inc. has a 52-week low of $46.89 and a 52-week high of $67.61.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.53. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. equities analysts expect that AMC Networks Inc. will post 7.01 EPS for the current year.

AMCX has been the subject of several recent analyst reports. Jefferies Group reiterated a “hold” rating and issued a $65.00 price objective on shares of AMC Networks in a research note on Tuesday, September 12th. Sanford C. Bernstein reiterated a “market perform” rating on shares of AMC Networks in a research note on Tuesday, September 12th. Cowen reiterated a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Wells Fargo & Company initiated coverage on shares of AMC Networks in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $72.00 price objective for the company. Finally, Guggenheim cut shares of AMC Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. AMC Networks presently has an average rating of “Hold” and a consensus price target of $61.73.

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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.

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

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