Pettee Investors Inc. acquired a new stake in shares of AMC NETWORKS INC Common Stock (NASDAQ:AMCX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 8,752 shares of the company’s stock, valued at approximately $544,000.

A number of other large investors have also bought and sold shares of AMCX. American Century Companies Inc. boosted its stake in AMC NETWORKS INC Common Stock by 377.0% during the first quarter. American Century Companies Inc. now owns 62,683 shares of the company’s stock valued at $3,241,000 after buying an additional 49,542 shares during the period. Prudential Financial Inc. boosted its stake in AMC NETWORKS INC Common Stock by 1.2% during the first quarter. Prudential Financial Inc. now owns 175,194 shares of the company’s stock valued at $9,057,000 after buying an additional 2,050 shares during the period. D.A. Davidson & CO. boosted its stake in AMC NETWORKS INC Common Stock by 21.2% during the first quarter. D.A. Davidson & CO. now owns 15,517 shares of the company’s stock valued at $802,000 after buying an additional 2,712 shares during the period. M&T Bank Corp boosted its stake in AMC NETWORKS INC Common Stock by 189.5% during the first quarter. M&T Bank Corp now owns 15,310 shares of the company’s stock valued at $792,000 after buying an additional 10,021 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in AMC NETWORKS INC Common Stock by 9.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 407,308 shares of the company’s stock valued at $21,058,000 after buying an additional 36,012 shares during the period. 84.54% of the stock is owned by institutional investors.

AMCX has been the subject of several research analyst reports. BidaskClub raised AMC NETWORKS INC Common Stock from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. ValuEngine lowered AMC NETWORKS INC Common Stock from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Sanford C. Bernstein lowered AMC NETWORKS INC Common Stock to an “underperform” rating in a research note on Thursday, June 28th. Goldman Sachs Group lowered AMC NETWORKS INC Common Stock from a “buy” rating to a “neutral” rating and set a $73.00 price target for the company. in a research note on Tuesday, June 26th. They noted that the move was a valuation call. Finally, Imperial Capital assumed coverage on AMC NETWORKS INC Common Stock in a research note on Thursday, July 19th. They set an “in-line” rating and a $65.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $61.80.

AMCX stock traded up $0.24 during mid-day trading on Friday, hitting $64.28. 784 shares of the stock were exchanged, compared to its average volume of 447,734. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 16.00. AMC NETWORKS INC Common Stock has a 12 month low of $46.89 and a 12 month high of $69.02. The firm has a market cap of $3.66 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.80 and a beta of 0.74.

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

In other news, EVP James Gallagher sold 2,300 shares of AMC NETWORKS INC Common Stock stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $67.01, for a total value of $154,123.00. Following the transaction, the executive vice president now owns 15,003 shares in the company, valued at $1,005,351.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Edward A. Carroll sold 11,700 shares of AMC NETWORKS INC Common Stock stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $66.72, for a total value of $780,624.00. Following the completion of the transaction, the chief operating officer now owns 42,868 shares in the company, valued at approximately $2,860,152.96. The disclosure for this sale can be found here. 20.97% of the stock is currently owned by insiders.

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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