24,378 Shares in AMC Networks Inc. (NASDAQ:AMCX) Acquired by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in shares of AMC Networks Inc. (NASDAQ:AMCX) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 24,378 shares of the company’s stock, valued at approximately $235,000. Headlands Technologies LLC owned about 0.06% of AMC Networks as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in shares of AMC Networks in the first quarter valued at $60,000. Innealta Capital LLC purchased a new position in AMC Networks in the 2nd quarter valued at about $48,000. EMC Capital Management boosted its stake in shares of AMC Networks by 23.8% during the 1st quarter. EMC Capital Management now owns 7,792 shares of the company’s stock worth $95,000 after purchasing an additional 1,500 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of AMC Networks during the first quarter worth about $118,000. Finally, Virtu Financial LLC acquired a new position in shares of AMC Networks in the first quarter valued at approximately $138,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Performance

Shares of AMCX stock opened at $8.69 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a market capitalization of $383.23 million, a price-to-earnings ratio of 2.43 and a beta of 1.29. AMC Networks Inc. has a one year low of $7.51 and a one year high of $20.97. The company has a 50 day moving average price of $9.98 and a 200 day moving average price of $11.84.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Friday, August 9th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.28). AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. The firm had revenue of $625.90 million for the quarter, compared to analyst estimates of $601.41 million. During the same quarter in the previous year, the company earned $2.02 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. Sell-side analysts anticipate that AMC Networks Inc. will post 4.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

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.