AMC Networks Inc. (NASDAQ:AMCX) Stock Holdings Raised by Virtu Financial LLC

Virtu Financial LLC lifted its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 45.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,783 shares of the company’s stock after buying an additional 9,304 shares during the quarter. Virtu Financial LLC’s holdings in AMC Networks were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its stake in AMC Networks by 4.2% during the third quarter. Geode Capital Management LLC now owns 775,596 shares of the company’s stock valued at $6,741,000 after buying an additional 31,378 shares in the last quarter. Barclays PLC increased its holdings in shares of AMC Networks by 8.5% in the 3rd quarter. Barclays PLC now owns 554,837 shares of the company’s stock valued at $4,821,000 after acquiring an additional 43,623 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of AMC Networks during the 3rd quarter valued at approximately $91,000. XTX Topco Ltd lifted its position in shares of AMC Networks by 333.5% in the 3rd quarter. XTX Topco Ltd now owns 48,093 shares of the company’s stock worth $418,000 after buying an additional 36,999 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in AMC Networks in the third quarter worth about $88,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMCX shares. Morgan Stanley cut their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.50.

AMC Networks Stock Down 0.2 %

AMC Networks stock opened at $9.74 on Wednesday. The company’s 50-day moving average price is $8.78 and its two-hundred day moving average price is $9.89. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03. The stock has a market cap of $429.74 million, a price-to-earnings ratio of 15.46 and a beta of 1.34. AMC Networks Inc. has a 52 week low of $7.08 and a 52 week high of $20.93.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, November 8th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.29. The business had revenue of $599.60 million during the quarter, compared to analysts’ expectations of $587.12 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.85 earnings per share. On average, analysts expect that AMC Networks Inc. will post 4.09 EPS for the current fiscal year.

AMC Networks Profile

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.