StockNews.com upgraded shares of AMC Networks (NASDAQ:AMCX – Free Report) from a hold rating to a buy rating in a research note issued to investors on Monday.
AMC Networks Stock Performance
AMC Networks stock opened at $9.60 on Monday. The firm’s 50 day simple moving average is $13.89 and its 200-day simple moving average is $14.74. The company has a market cap of $418.18 million, a P/E ratio of 2.69 and a beta of 1.36. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.85 and a quick ratio of 1.85. AMC Networks has a fifty-two week low of $9.23 and a fifty-two week high of $20.97.
AMC Networks (NASDAQ:AMCX – Get Free Report) last released its earnings results on Friday, May 10th. The company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.63). The firm had revenue of $596.50 million during the quarter, compared to analysts’ expectations of $601.74 million. AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The business’s revenue was down 16.9% on a year-over-year basis. During the same period last year, the business earned $2.62 earnings per share. As a group, equities research analysts predict that AMC Networks will post 4.93 EPS for the current year.
Insider Activity at AMC Networks
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in AMC Networks by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after acquiring an additional 30,721 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AMC Networks by 11.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,529,595 shares of the company’s stock valued at $28,741,000 after acquiring an additional 155,346 shares during the last quarter. Schroder Investment Management Group lifted its stake in AMC Networks by 2.0% in the fourth quarter. Schroder Investment Management Group now owns 1,010,729 shares of the company’s stock valued at $18,992,000 after acquiring an additional 19,794 shares during the last quarter. Invesco Ltd. lifted its stake in AMC Networks by 6.2% in the third quarter. Invesco Ltd. now owns 528,954 shares of the company’s stock valued at $6,231,000 after acquiring an additional 30,646 shares during the last quarter. Finally, RWWM Inc. lifted its stake in AMC Networks by 193.7% in the fourth quarter. RWWM Inc. now owns 515,432 shares of the company’s stock valued at $9,682,000 after acquiring an additional 339,912 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.
About AMC Networks
AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.
See Also
- Five stocks we like better than AMC Networks
- What Are Trending Stocks? Trending Stocks Explained
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- Investing in Travel Stocks Benefits
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- Best Stocks Under $5.00
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.com's FREE daily email newsletter.