AMC Networks Inc. (AMCX) Shares Sold by GSA Capital Partners LLP
GSA Capital Partners LLP lessened its stake in AMC Networks Inc. (NASDAQ:AMCX) by 71.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,987 shares of the company’s stock after selling 12,220 shares during the period. GSA Capital Partners LLP’s holdings in AMC Networks were worth $292,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its position in AMC Networks by 385.4% in the 2nd quarter. Royal Bank of Canada now owns 93,357 shares of the company’s stock worth $4,986,000 after purchasing an additional 74,123 shares during the last quarter. U S Global Investors Inc. bought a new position in AMC Networks in the 3rd quarter worth approximately $1,462,000. Bridgewater Associates LP bought a new position in AMC Networks in the 2nd quarter worth approximately $659,000. Fort L.P. raised its position in AMC Networks by 31.7% in the 2nd quarter. Fort L.P. now owns 390,794 shares of the company’s stock worth $20,872,000 after purchasing an additional 94,117 shares during the last quarter. Finally, FMR LLC raised its position in AMC Networks by 9.9% in the 2nd quarter. FMR LLC now owns 1,172,084 shares of the company’s stock worth $62,601,000 after purchasing an additional 105,290 shares during the last quarter. Hedge funds and other institutional investors own 86.83% of the company’s stock.
Several research firms recently weighed in on AMCX. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a research report on Thursday, December 21st. BidaskClub cut shares of AMC Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 4th. Zacks Investment Research cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Tuesday. Macquarie cut shares of AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research report on Tuesday, January 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $65.00 price objective on shares of AMC Networks in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $61.42.
AMC Networks (NASDAQ:AMCX) last issued its earnings results on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.15 by $0.53. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. equities research analysts forecast that AMC Networks Inc. will post 7.01 earnings per share for the current fiscal year.
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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