Analysts Set AMC Networks Inc. (NASDAQ:AMCX) PT at $7.00

AMC Networks Inc. (NASDAQ:AMCX) has earned an average recommendation of “Strong Sell” from the six ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.00.

Several equities analysts recently issued reports on AMCX shares. Seaport Research Partners cut AMC Networks from a “strong-buy” rating to a “hold” rating in a research report on Sunday, December 14th. Weiss Ratings reissued a “sell (d)” rating on shares of AMC Networks in a report on Wednesday, January 21st. Wells Fargo & Company upped their price target on AMC Networks from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday. Zacks Research raised AMC Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Morgan Stanley boosted their target price on AMC Networks from $5.50 to $6.00 and gave the stock an “underweight” rating in a research report on Thursday, December 18th.

AMC Networks Stock Performance

Shares of AMCX stock opened at $7.55 on Friday. AMC Networks has a one year low of $5.41 and a one year high of $10.27. The company’s 50-day moving average is $8.68 and its 200 day moving average is $8.04. The company has a market capitalization of $328.65 million, a price-to-earnings ratio of 5.51 and a beta of 1.12. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.67 and a current ratio of 1.67.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Wednesday, February 11th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.14. The business had revenue of $594.80 million during the quarter, compared to analysts’ expectations of $581.83 million. AMC Networks had a net margin of 3.87% and a return on equity of 11.32%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 earnings per share. Sell-side analysts expect that AMC Networks will post 2.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMCX. CWM LLC grew its position in AMC Networks by 13.8% in the 4th quarter. CWM LLC now owns 11,858 shares of the company’s stock worth $113,000 after purchasing an additional 1,437 shares during the period. Cerity Partners LLC boosted its stake in shares of AMC Networks by 14.1% in the 4th quarter. Cerity Partners LLC now owns 11,903 shares of the company’s stock worth $113,000 after buying an additional 1,473 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of AMC Networks by 6.8% in the fourth quarter. Federated Hermes Inc. now owns 26,452 shares of the company’s stock worth $252,000 after acquiring an additional 1,680 shares during the period. Man Group plc increased its position in AMC Networks by 6.7% during the second quarter. Man Group plc now owns 27,669 shares of the company’s stock valued at $173,000 after acquiring an additional 1,735 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in AMC Networks by 18.2% in the third quarter. First Trust Advisors LP now owns 11,963 shares of the company’s stock valued at $99,000 after acquiring an additional 1,840 shares during the period. Institutional investors own 78.51% of the company’s stock.

AMC Networks Company Profile

AMC Networks Inc (NASDAQ: AMCX) is a global entertainment company that specializes in the development, production and distribution of premium content for television and streaming platforms. Headquartered in New York City, the company operates a portfolio of pay television channels in the U.S. and abroad, and offers direct-to-consumer streaming services that feature both original programming and licensed fare. AMC Networks is best known for critically acclaimed series such as “Breaking Bad,” “Mad Men” and “The Walking Dead,” and it continues to invest in new scripted and unscripted content across a range of genres.

The company’s core television networks in the United States include AMC, IFC, Sundance TV and WE tv, while its joint venture with BBC Studios supports BBC America.