AMC Networks Inc. (NASDAQ:AMCX) Receives $11.75 Consensus Target Price from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been assigned an average rating of “Strong Sell” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.75.

Several research firms recently commented on AMCX. StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Morgan Stanley cut their price objective on AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Monday, February 12th. Finally, TheStreet upgraded AMC Networks from a “d+” rating to a “c-” rating in a research report on Tuesday, February 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMCX. Public Employees Retirement System of Ohio lifted its holdings in shares of AMC Networks by 20.2% in the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock valued at $52,000 after purchasing an additional 737 shares in the last quarter. SG Americas Securities LLC raised its holdings in AMC Networks by 5.8% during the fourth quarter. SG Americas Securities LLC now owns 16,030 shares of the company’s stock worth $301,000 after acquiring an additional 882 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in AMC Networks by 6.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 18,428 shares of the company’s stock worth $346,000 after acquiring an additional 1,172 shares in the last quarter. Swiss National Bank raised its holdings in AMC Networks by 2.6% during the third quarter. Swiss National Bank now owns 59,900 shares of the company’s stock worth $706,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in AMC Networks by 206.2% during the third quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock worth $28,000 after acquiring an additional 1,592 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Stock Performance

AMCX opened at $10.83 on Wednesday. The stock’s 50 day moving average price is $12.00 and its two-hundred day moving average price is $14.64. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.14. AMC Networks has a 12-month low of $9.87 and a 12-month high of $20.97. The firm has a market capitalization of $471.75 million, a P/E ratio of 2.20 and a beta of 1.21.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. AMC Networks had a return on equity of 30.42% and a net margin of 7.95%. The company had revenue of $678.80 million during the quarter, compared to the consensus estimate of $675.97 million. During the same quarter last year, the company earned $2.52 EPS. The company’s quarterly revenue was down 29.6% on a year-over-year basis. On average, equities analysts forecast that AMC Networks will post 5.7 earnings per share for the current year.

About AMC Networks

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.