Quarry LP Has $159,000 Stock Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Quarry LP lifted its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 325.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,262 shares of the company’s stock after buying an additional 13,967 shares during the period. Quarry LP’s holdings in AMC Networks were worth $159,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Royce & Associates LP lifted its stake in AMC Networks by 134.0% in the 3rd quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock valued at $1,267,000 after purchasing an additional 83,476 shares during the last quarter. WINTON GROUP Ltd lifted its stake in AMC Networks by 361.2% in the 2nd quarter. WINTON GROUP Ltd now owns 93,486 shares of the company’s stock valued at $903,000 after purchasing an additional 73,216 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in AMC Networks in the 2nd quarter valued at about $1,569,000. Squarepoint Ops LLC lifted its stake in AMC Networks by 194.0% in the 2nd quarter. Squarepoint Ops LLC now owns 124,174 shares of the company’s stock valued at $1,200,000 after purchasing an additional 81,937 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in AMC Networks by 72.9% in the 2nd quarter. AQR Capital Management LLC now owns 313,605 shares of the company’s stock valued at $3,029,000 after purchasing an additional 132,207 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Stock Performance

Shares of NASDAQ:AMCX opened at $9.39 on Friday. AMC Networks Inc. has a 1 year low of $7.08 and a 1 year high of $20.97. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $414.30 million, a price-to-earnings ratio of 14.90 and a beta of 1.34. The company’s 50 day simple moving average is $8.63 and its 200 day simple moving average is $10.28.

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

Wall Street Analysts Forecast Growth

AMCX has been the subject of several recent analyst reports. Morgan Stanley cut their target price 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 raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company decreased their price objective on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Finally, Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AMC Networks presently has a consensus rating of “Hold” and a consensus target price 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.