Analysts Set AMC Networks Inc. (NASDAQ:AMCX) Price Target at $8.50

AMC Networks Inc. (NASDAQ:AMCX) has been given an average rating of “Hold” by the three ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $8.50.

Several research analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley cut their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. Wells Fargo & Company cut their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Finally, StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

AMC Networks Stock Up 3.4 %

AMCX stock opened at $9.47 on Thursday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03. The company’s 50 day moving average is $8.42 and its 200 day moving average is $10.55. The stock has a market cap of $417.82 million, a price-to-earnings ratio of 15.03 and a beta of 1.29. AMC Networks has a 1-year low of $7.08 and a 1-year high of $20.97.

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

Institutional Trading of AMC Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its stake in shares of AMC Networks by 119.2% during the second quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after purchasing an additional 2,336 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of AMC Networks during the first quarter valued at approximately $60,000. Innealta Capital LLC purchased a new stake in shares of AMC Networks during the second quarter valued at approximately $48,000. nVerses Capital LLC purchased a new stake in shares of AMC Networks during the third quarter valued at approximately $55,000. Finally, EMC Capital Management boosted its stake in shares of AMC Networks by 23.8% during the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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.