Intech Investment Management LLC Buys Shares of 26,595 AMC Networks Inc. (NASDAQ:AMCX)

Intech Investment Management LLC bought a new stake in shares of AMC Networks Inc. (NASDAQ:AMCX) in the second quarter, Holdings Channel reports. The firm bought 26,595 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of AMC Networks by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock valued at $520,000 after buying an additional 1,434 shares during the period. EMC Capital Management raised its holdings 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 valued at $95,000 after purchasing an additional 1,500 shares in the last quarter. Swiss National Bank raised its holdings in shares of AMC Networks by 6.1% during the 1st quarter. Swiss National Bank now owns 57,000 shares of the company’s stock valued at $691,000 after purchasing an additional 3,300 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of AMC Networks by 10.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 35,841 shares of the company’s stock valued at $346,000 after purchasing an additional 3,322 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of AMC Networks by 18.7% during the 2nd quarter. Victory Capital Management Inc. now owns 29,868 shares of the company’s stock valued at $289,000 after purchasing an additional 4,695 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analysts Set New Price Targets

AMCX has been the topic of a number of recent research reports. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Wells Fargo & Company cut their price target on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and an average price target of $11.00.

AMC Networks Stock Up 2.4 %

AMC Networks stock opened at $8.17 on Friday. The firm has a market cap of $355.90 million, a price-to-earnings ratio of 2.29 and a beta of 1.29. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.13 and a quick ratio of 2.13. AMC Networks Inc. has a fifty-two week low of $7.08 and a fifty-two week high of $20.97. The firm has a fifty day moving average price of $9.58 and a two-hundred day moving average price of $11.51.

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

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.