17,798 Shares in AMC Networks Inc. (NASDAQ:AMCX) Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC acquired a new stake in AMC Networks Inc. (NASDAQ:AMCX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,798 shares of the company’s stock, valued at approximately $176,000.

A number of other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in AMC Networks by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 775,596 shares of the company’s stock valued at $6,741,000 after purchasing an additional 31,378 shares during the period. Barclays PLC grew its stake in AMC Networks by 8.5% in the 3rd quarter. Barclays PLC now owns 554,837 shares of the company’s stock valued at $4,821,000 after purchasing an additional 43,623 shares during the period. JPMorgan Chase & Co. grew its stake in AMC Networks by 73.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,214 shares of the company’s stock valued at $3,252,000 after purchasing an additional 158,162 shares during the period. Allspring Global Investments Holdings LLC grew its stake in AMC Networks by 20.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 336,754 shares of the company’s stock valued at $2,926,000 after purchasing an additional 57,952 shares during the period. Finally, Empowered Funds LLC grew its stake in AMC Networks by 5.1% in the 4th quarter. Empowered Funds LLC now owns 184,535 shares of the company’s stock valued at $1,827,000 after purchasing an additional 9,035 shares during the period. Institutional investors own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

AMC Networks Stock Down 0.9 %

Shares of NASDAQ AMCX opened at $9.70 on Tuesday. The business’s fifty day moving average price is $9.49 and its 200-day moving average price is $9.19. The stock has a market capitalization of $427.96 million, a PE ratio of 15.40 and a beta of 1.31. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32. AMC Networks Inc. has a one year low of $7.08 and a one year high of $18.58.

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

AMC Networks Company 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.