State of Wisconsin Investment Board decreased its position in shares of AMC NETWORKS INC Common Stock (NASDAQ:AMCX) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,685 shares of the company’s stock after selling 1,152 shares during the quarter. State of Wisconsin Investment Board’s holdings in AMC NETWORKS INC Common Stock were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. purchased a new stake in shares of AMC NETWORKS INC Common Stock during the first quarter valued at approximately $120,000. Wrapmanager Inc. purchased a new stake in shares of AMC NETWORKS INC Common Stock during the first quarter valued at approximately $207,000. Weik Capital Management purchased a new stake in shares of AMC NETWORKS INC Common Stock during the first quarter valued at approximately $216,000. Summit Trail Advisors LLC grew its holdings in shares of AMC NETWORKS INC Common Stock by 3,529.7% during the first quarter. Summit Trail Advisors LLC now owns 216,039 shares of the company’s stock valued at $216,000 after buying an additional 210,087 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in shares of AMC NETWORKS INC Common Stock during the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

Shares of AMCX stock opened at $63.33 on Friday. AMC NETWORKS INC Common Stock has a 12-month low of $46.89 and a 12-month high of $69.02. The company has a debt-to-equity ratio of 16.00, a quick ratio of 2.46 and a current ratio of 2.46. The company has a market capitalization of $3.64 billion, a P/E ratio of 8.59, a P/E/G ratio of 1.03 and a beta of 0.78.

AMC NETWORKS INC Common Stock (NASDAQ:AMCX) last issued its earnings results on Thursday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.16). AMC NETWORKS INC Common Stock had a return on equity of 278.30% and a net margin of 17.22%. The company had revenue of $761.39 million during the quarter, compared to analysts’ expectations of $731.99 million. During the same quarter in the prior year, the business posted $1.88 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities analysts predict that AMC NETWORKS INC Common Stock will post 8.31 EPS for the current year.

In other AMC NETWORKS INC Common Stock news, COO Edward A. Carroll sold 11,700 shares of the stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $66.72, for a total value of $780,624.00. Following the transaction, the chief operating officer now directly owns 42,868 shares in the company, valued at $2,860,152.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Gallagher sold 2,300 shares of the stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $67.01, for a total transaction of $154,123.00. Following the completion of the transaction, the executive vice president now owns 15,003 shares in the company, valued at $1,005,351.03. The disclosure for this sale can be found here. Company insiders own 20.97% of the company’s stock.

A number of equities research analysts have recently commented on AMCX shares. Royal Bank of Canada set a $65.00 price target on shares of AMC NETWORKS INC Common Stock and gave the company a “hold” rating in a report on Friday, May 11th. Zacks Investment Research cut shares of AMC NETWORKS INC Common Stock from a “buy” rating to a “hold” rating in a report on Monday, August 6th. BidaskClub cut shares of AMC NETWORKS INC Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Wells Fargo & Co increased their price target on shares of AMC NETWORKS INC Common Stock from $46.89 to $67.44 and gave the company an “outperform” rating in a report on Friday, May 11th. Finally, Evercore ISI cut shares of AMC NETWORKS INC Common Stock from an “outperform” rating to an “in-line” rating and set a $62.00 price target on the stock. in a report on Friday, May 11th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $61.80.

AMC NETWORKS INC Common Stock Company Profile

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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Institutional Ownership by Quarter for AMC NETWORKS INC Common Stock (NASDAQ:AMCX)

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