Canada Pension Plan Investment Board Purchases 80,900 Shares of AMC Networks Inc. (AMCX)
Canada Pension Plan Investment Board increased its stake in AMC Networks Inc. (NASDAQ:AMCX) by 174.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,386 shares of the company’s stock after buying an additional 80,900 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.20% of AMC Networks worth $7,448,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMCX. AJO LP boosted its holdings in shares of AMC Networks by 121.4% in the 2nd quarter. AJO LP now owns 996,174 shares of the company’s stock valued at $53,206,000 after buying an additional 546,211 shares during the last quarter. LSV Asset Management boosted its holdings in shares of AMC Networks by 284.0% in the 2nd quarter. LSV Asset Management now owns 721,131 shares of the company’s stock valued at $38,515,000 after buying an additional 533,360 shares during the last quarter. Boston Partners acquired a new stake in shares of AMC Networks in the 2nd quarter valued at approximately $20,311,000. JPMorgan Chase & Co. boosted its holdings in shares of AMC Networks by 206.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 505,435 shares of the company’s stock valued at $26,996,000 after buying an additional 340,632 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of AMC Networks by 460.3% in the 2nd quarter. Bank of Montreal Can now owns 396,236 shares of the company’s stock valued at $21,163,000 after buying an additional 325,515 shares during the last quarter. 83.04% of the stock is owned by institutional investors.
AMC Networks Inc. (AMCX) opened at $48.46 on Monday. 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 firm has a market capitalization of $2,997.88, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. AMC Networks Inc. has a 12-month low of $47.13 and a 12-month high of $67.61.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.53. The firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 EPS. sell-side analysts forecast that AMC Networks Inc. will post 7.01 earnings per share for the current fiscal year.
AMCX has been the subject of several recent analyst reports. BidaskClub raised AMC Networks from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a report on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price objective (up previously from $60.00) on shares of AMC Networks in a report on Friday, August 4th. Sanford C. Bernstein reissued a “market perform” rating on shares of AMC Networks in a report on Tuesday, September 12th. Finally, Cowen and Company reissued a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a report on Thursday, September 21st. Two 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.00.
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.
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