Clear Harbor Asset Management LLC Decreases Position in AMC Networks Inc. (NASDAQ:AMCX)

Clear Harbor Asset Management LLC lowered its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,145 shares of the company’s stock after selling 1,825 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in AMC Networks were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Exchange Traded Concepts LLC boosted its holdings in AMC Networks by 6.6% in the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock valued at $302,000 after purchasing an additional 2,150 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of AMC Networks by 9.9% during the 3rd quarter. DGS Capital Management LLC now owns 24,148 shares of the company’s stock worth $210,000 after buying an additional 2,180 shares during the last quarter. Quarry LP boosted its holdings in shares of AMC Networks by 119.2% in the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after buying an additional 2,336 shares in the last quarter. Entropy Technologies LP grew its position in shares of AMC Networks by 24.2% in the 3rd quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock valued at $125,000 after buying an additional 2,800 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in AMC Networks by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 176,830 shares of the company’s stock worth $1,537,000 after acquiring an additional 3,669 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Price Performance

Shares of NASDAQ:AMCX opened at $9.44 on Thursday. AMC Networks Inc. has a one year low of $7.08 and a one year high of $19.39. The stock has a market capitalization of $416.49 million, a price-to-earnings ratio of 14.98 and a beta of 1.32. The company has a 50-day simple moving average of $9.39 and a 200-day simple moving average of $9.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.62 by $0.29. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The firm had revenue of $599.60 million during the quarter, compared to the consensus estimate of $587.12 million. During the same period in the prior year, the business earned $1.85 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, analysts predict that AMC Networks Inc. will post 4.09 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMCX shares. Morgan Stanley decreased their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.50.

AMC Networks Profile

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.