BlackRock Inc. boosted its holdings in Amc Networks Inc (NASDAQ:AMCX) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,203,167 shares of the company’s stock after purchasing an additional 771,535 shares during the period. BlackRock Inc. owned about 9.20% of Amc Networks worth $285,548,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AMCX. IFP Advisors Inc boosted its position in Amc Networks by 17.0% in the fourth quarter. IFP Advisors Inc now owns 1,196 shares of the company’s stock worth $65,000 after purchasing an additional 174 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of Amc Networks in the fourth quarter valued at $68,000. Hanson & Doremus Investment Management raised its stake in shares of Amc Networks by 25.3% in the fourth quarter. Hanson & Doremus Investment Management now owns 1,586 shares of the company’s stock valued at $87,000 after buying an additional 320 shares during the period. Ancora Advisors LLC bought a new stake in shares of Amc Networks during the 3rd quarter valued at $109,000. Finally, First Hawaiian Bank grew its position in Amc Networks by 18.2% during the fourth quarter. First Hawaiian Bank now owns 2,198 shares of the company’s stock worth $121,000 after buying an additional 338 shares in the last quarter. 86.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP James Gallagher sold 7,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $62.98, for a total value of $440,860.00. Following the completion of the transaction, the executive vice president now directly owns 15,964 shares in the company, valued at approximately $1,005,412.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 20.97% of the stock is currently owned by corporate insiders.

AMCX opened at $59.75 on Friday. Amc Networks Inc has a 12-month low of $49.08 and a 12-month high of $69.02. The company has a debt-to-equity ratio of 9.01, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market capitalization of $3.32 billion, a PE ratio of 6.88, a PEG ratio of 1.01 and a beta of 0.84.

Amc Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, February 28th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.11. Amc Networks had a return on equity of 187.32% and a net margin of 15.01%. The firm had revenue of $772.85 million during the quarter, compared to analysts’ expectations of $757.41 million. During the same period in the prior year, the business earned $1.68 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Amc Networks Inc will post 8.49 EPS for the current year.

AMCX has been the subject of several recent analyst reports. BidaskClub upgraded Amc Networks from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Wolfe Research initiated coverage on Amc Networks in a research report on Friday, December 7th. They set an “underperform” rating for the company. ValuEngine upgraded Amc Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research cut Amc Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, Imperial Capital cut Amc Networks from an “in-line” rating to an “underperform” rating and reduced their target price for the stock from $64.00 to $56.00 in a research report on Thursday, January 31st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.16.

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Amc Networks 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.

Further Reading: Cash Flow

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Institutional Ownership by Quarter for Amc Networks (NASDAQ:AMCX)

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