DekaBank Deutsche Girozentrale Takes Position in AMC Networks Inc. (AMCX)
DekaBank Deutsche Girozentrale acquired a new position in shares of AMC Networks Inc. (NASDAQ:AMCX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 58,897 shares of the company’s stock, valued at approximately $3,602,000. DekaBank Deutsche Girozentrale owned about 0.09% of AMC Networks as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. World Asset Management Inc grew its position in AMC Networks by 0.3% during the 2nd quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock worth $212,000 after acquiring an additional 12 shares during the last quarter. PNC Financial Services Group Inc. grew its position in AMC Networks by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after acquiring an additional 88 shares during the last quarter. Wrapmanager Inc. grew its position in AMC Networks by 3.2% during the 2nd quarter. Wrapmanager Inc. now owns 4,102 shares of the company’s stock worth $219,000 after acquiring an additional 128 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in AMC Networks by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after acquiring an additional 181 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in AMC Networks by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock worth $769,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 85.68% of the company’s stock.
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AMC Networks Inc. (NASDAQ:AMCX) opened at $49.84 on Tuesday. The stock has a market capitalization of $3,090.00, a PE ratio of 7.20, a PEG ratio of 0.94 and a beta of 1.09. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57. 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 quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.53. The company had revenue of $648.00 million for the quarter, compared to the consensus estimate of $660.79 million. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. sell-side analysts predict that AMC Networks Inc. will post 7.01 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $65.00 price target on shares of AMC Networks in a research report on Tuesday, September 12th. TheStreet lowered AMC Networks from a “b-” rating to a “c” rating in a research report on Tuesday, November 14th. Cowen and Company reiterated a “hold” rating and issued a $53.00 price target on shares of AMC Networks in a research report on Thursday, September 21st. Piper Jaffray Companies set a $60.00 price target on AMC Networks and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded AMC Networks from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $60.58.
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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