AMC Networks (NASDAQ:AMCX) Earning Somewhat Favorable News Coverage, Report Shows

Algert Global LLC's holdings in AMC Networks were worth $517,000 as of its most recent SEC filing.

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

About shares traded. AMC Networks Inc (NASDAQ:AMCX) has declined 17.50% since August 9, 2016 and is downtrending.

Ajo, Lp reports that it bought 546,211 shares last quarter increasing its stake in AMC Networks Inc. Greenwood Capital Associates LLC now owns 3,987 shares of the company's stock worth $234,000 after buying an additional 167 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in AMC Networks during the first quarter worth $243,000. Greenwood Capital Associates LLC raised its position in AMC Networks by 4.4% in the first quarter. BlackRock Inc. now owns 5,048,490 shares of the company's stock valued at $296,245,000 after buying an additional 4,922,108 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of AMC Networks by 460.3% in the second quarter. 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.

AMC Networks Inc. has a 1-year low of $46.17 and a 1-year high of $67.61.

AMC Networks (AMCX) opened at 61.42 on Friday. The 50 day moving average moved up $2.61 and the 200 day average went up by +6.56%. The company has a market cap of $4.13 billion, a PE ratio of 15.07 and a beta of 1.06.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.41 by $0.47. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. Analysts expect next quarter's EPS to be $1.59 and the next full year EPS is projected to be $6.88. During the same quarter a year ago, the business posted $1.15 EPS. The company's revenue for the quarter was up 3.8% compared to the same quarter previous year. Out of 21 Wall Street analysts rating AMC Networks, 10 give it "Buy", 3 "Sell" rating, while 8 recommend "Hold".

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 authorizes the company to repurchase up to 13.9% of its shares through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued. "(NASDAQ:AMCX) Stake Reduced by Algert Global LLC" was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of U.S. and global 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.

Several research analysts have recently commented on the company.

Martingale Asset Management L P bolstered its stake by buying 99,531 shares an increase of 123.5% from 03/31/2017 to 06/30/2017. BidaskClub raised AMC Networks from a "buy" rating to a "strong-buy" rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a "hold" rating and issued a $65.00 price objective (up previously from $60.00) on shares of AMC Networks in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Sell-side firms, on a consensus basis have a $63.81 price target on the name and a 2.70 recommendation, according to First Call.

Parametric Portfolio Assocs Limited Com holds 0% of its portfolio in AMC Networks Inc (NASDAQ:AMCX) for 68,548 shares.

Rwc Asset Management Llp decreased Live Nation Entertainment In (Prn) stake by 2.00M shares to 7.05M valued at $7.55 million in 2016Q4. It operates through two segments: National Networks, and global and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

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