3,477 Shares in AMC Networks Inc. (AMCX) Acquired by Brown Advisory Inc.
Brown Advisory Inc. acquired a new position in shares of AMC Networks Inc. (NASDAQ:AMCX) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,477 shares of the company’s stock, valued at approximately $203,000.
Other large investors have also added to or reduced their stakes in the company. World Asset Management Inc lifted its holdings in shares of AMC Networks by 0.3% in the 2nd quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock valued at $212,000 after purchasing an additional 12 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of AMC Networks by 637.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 46,486 shares of the company’s stock valued at $2,483,000 after purchasing an additional 40,186 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of AMC Networks by 19.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 306,966 shares of the company’s stock valued at $16,396,000 after purchasing an additional 49,899 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of AMC Networks in the 2nd quarter valued at about $2,008,000. Finally, First Trust Advisors LP lifted its holdings in shares of AMC Networks by 353.3% in the 2nd quarter. First Trust Advisors LP now owns 60,544 shares of the company’s stock valued at $3,234,000 after purchasing an additional 47,189 shares during the last quarter. 86.95% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on AMCX shares. Piper Jaffray Companies set a $60.00 target price on AMC Networks and gave the company a “hold” rating in a report on Wednesday, November 1st. Jefferies Group reduced their price objective on AMC Networks from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Loop Capital reduced their price objective on AMC Networks from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, October 19th. Cowen reaffirmed a “hold” rating and set a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of AMC Networks in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. AMC Networks has an average rating of “Hold” and a consensus target price of $61.73.
AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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%. AMC Networks’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. analysts expect that AMC Networks Inc. will post 7.01 earnings per share for the current year.
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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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