Quadrant Capital Group LLC Grows Holdings in Amc Networks Inc (NASDAQ:AMCX)

Quadrant Capital Group LLC lifted its position in Amc Networks Inc (NASDAQ:AMCX) by 204.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,852 shares of the company’s stock after purchasing an additional 1,244 shares during the quarter. Quadrant Capital Group LLC’s holdings in Amc Networks were worth $102,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in Amc Networks by 17.4% during the fourth quarter. BlackRock Inc. now owns 5,203,167 shares of the company’s stock worth $285,548,000 after buying an additional 771,535 shares in the last quarter. LSV Asset Management raised its position in Amc Networks by 1.7% in the fourth quarter. LSV Asset Management now owns 2,716,865 shares of the company’s stock valued at $149,101,000 after purchasing an additional 46,280 shares during the period. Investec Asset Management LTD raised its position in Amc Networks by 4.6% in the fourth quarter. Investec Asset Management LTD now owns 2,549,354 shares of the company’s stock valued at $139,909,000 after purchasing an additional 111,427 shares during the period. Dimensional Fund Advisors LP raised its position in Amc Networks by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 885,738 shares of the company’s stock valued at $48,610,000 after purchasing an additional 97,634 shares during the period. Finally, Boston Partners raised its position in Amc Networks by 6.5% in the fourth quarter. Boston Partners now owns 842,756 shares of the company’s stock valued at $46,251,000 after purchasing an additional 51,602 shares during the period. Hedge funds and other institutional investors own 95.82% of the company’s stock.

AMCX has been the topic of a number of research analyst reports. BidaskClub upgraded Amc Networks from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Zacks Investment Research upgraded Amc Networks from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Monday, March 4th. Finally, Imperial Capital reiterated an “underperform” rating and issued a $53.00 price objective (down previously from $56.00) on shares of Amc Networks in a report on Friday, March 15th. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Amc Networks has a consensus rating of “Hold” and an average target price of $61.83.

In related news, EVP James Gallagher sold 7,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $62.98, for a total transaction of $440,860.00. Following the completion of the transaction, the executive vice president now directly owns 15,964 shares of the company’s stock, valued at approximately $1,005,412.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.97% of the company’s stock.

AMCX traded down $1.42 on Wednesday, hitting $52.83. 498,220 shares of the company were exchanged, compared to its average volume of 653,545. Amc Networks Inc has a twelve month low of $51.04 and a twelve month high of $69.02. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.77 and a beta of 0.81. The company has a debt-to-equity ratio of 6.82, a current ratio of 2.66 and a quick ratio of 2.66.

Amc Networks (NASDAQ:AMCX) last released its earnings results on Wednesday, May 1st. The company reported $2.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.39. Amc Networks had a return on equity of 152.19% and a net margin of 14.35%. The firm had revenue of $784.22 million during the quarter, compared to analysts’ expectations of $775.37 million. During the same period in the previous year, the firm posted $2.65 EPS. Amc Networks’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, research analysts anticipate that Amc Networks Inc will post 8.52 earnings per share for the current year.

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Amc Networks Profile

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

Further Reading: Moving Average Convergence Divergence (MACD)

Institutional Ownership by Quarter for Amc Networks (NASDAQ:AMCX)

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