AMC Networks Inc. (NASDAQ:AMCX) Upgraded at TheStreet

Paterniano Del Favero
Agosto 13, 2017

Networks earned a coverage optimism score of 0.10 on Accern's scale. JP Morgan maintained the shares of AMCX in report on Friday, August 5 with "Neutral" rating.

A number of brokerages recently weighed in on AMCX. Tcw Gru Inc holds 0% of its portfolio in AMC Networks Inc (NASDAQ:AMCX) for 12,053 shares. Jefferies maintained the stock with "Hold" rating in Monday, July 11 report. BidaskClub upgraded shares of AMC Networks from a "buy" rating to a "strong-buy" rating in a research note on Monday, July 31st. Finally, Moffett Nathanson restated a "sell" rating on shares of AMC Networks in a report on Friday, June 9th. AMC Networks presently has an average rating of "Hold" and a consensus target price of $61.25.

On September 15 the stock rating was downgraded from "Buy" to "Hold" by analysts at Stifel Nicolaus. $297.65's average target is -18.18% below currents $363.8 stock price. Tricadia Management Limited has invested 2.69% in AMC Networks Inc (NASDAQ:AMCX).

Amc Networks Inc (NASDAQ:AMCX) institutional sentiment decreased to 0.96 in Q4 2016. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 15.07 and a beta of 1.06. The 50 day moving average moved up $2.61 and the 200 day average went up by +6.56%. (NASDAQ:AMCX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The company had a trading volume of 590,537 shares. AMC Networks had a return on equity of 683.16% and a net margin of 11.40%. The business had revenue of $710.55 million during the quarter, compared to analyst estimates of $715.23 million. The company's revenue for the quarter was up 3.8% compared to the same quarter past year. "(NASDAQ:AMCX)" was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another website, it was illegally copied and reposted in violation of worldwide trademark and copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/10/amc-networks-inc-amcx-shares-sold-by-municipal-employees-retirement-system-of-michigan.html.

AMC Networks declared that its Board of Directors has authorized a share repurchase plan on Wednesday, June 7th that permits the company to repurchase $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 13.9% of its shares through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued. RNC Capital Management LLC boosted its position in shares of AMC Networks by 10.9% in the first quarter. Greenwood Capital Associates LLC now owns 3,987 shares of the company's stock valued at $234,000 after buying an additional 167 shares in the last quarter. Investec Asset Management North America, Inc. grew its position by buying 5,906 shares an increase of 47.2% from 03/31/2017 to 06/30/2017. Thrivent Financial For Lutherans now owns 10,497 shares of the company's stock valued at $616,000 after buying an additional 370 shares during the last quarter. Rwc Asset Management Llp acquired 6,811 shares as Amc Networks Inc (AMCX)'s stock declined 4.67%. Dimensional Fund Advisors LP now owns 275,966 shares of the company's stock valued at $14,445,000 after buying an additional 783 shares during the last quarter. Finally, Teza Capital Management LLC bought a new position in AMC Networks during the first quarter valued at approximately $243,000. Thrivent Financial for Lutherans now owns 10,127 shares of the company's stock valued at $530,000 after buying an additional 690 shares during the last quarter.

Several other large investors have also recently made changes to their positions in the company.

AMC Networks Inc.is a holding company, which conducts all of its activities through its subsidiaries. Hightower Advisors Limited Liability Company owns 0.1% invested in Tesla Inc (NASDAQ:TSLA) for 41,356 shares. The Firm operates through two divisions: Automotive, and Energy generation and storage. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

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