Caprock Group LLC Purchases Shares of 30,444 AMC Networks Inc. (NASDAQ:AMCX)

Caprock Group LLC bought a new stake in AMC Networks Inc. (NASDAQ:AMCX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 30,444 shares of the company’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of AMC Networks by 18.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock valued at $15,703,000 after acquiring an additional 250,738 shares during the last quarter. American Century Companies Inc. grew its position in AMC Networks by 6.8% during the 2nd quarter. American Century Companies Inc. now owns 707,708 shares of the company’s stock worth $6,836,000 after purchasing an additional 45,266 shares during the period. Dana Investment Advisors Inc. raised its stake in shares of AMC Networks by 40.8% during the 2nd quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock valued at $5,164,000 after buying an additional 154,927 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of AMC Networks in the 2nd quarter valued at about $4,456,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of AMC Networks by 20.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 336,754 shares of the company’s stock worth $2,926,000 after buying an additional 57,952 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Trading Down 4.2 %

Shares of NASDAQ:AMCX opened at $9.41 on Monday. The business’s 50 day moving average price is $8.41 and its 200-day moving average price is $10.61. AMC Networks Inc. has a 1 year low of $7.08 and a 1 year high of $20.97. The firm has a market capitalization of $415.18 million, a price-to-earnings ratio of 14.94 and a beta of 1.29. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.29. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business had revenue of $599.60 million for the quarter, compared to the consensus estimate of $587.12 million. During the same period last year, the firm posted $1.85 earnings per share. The company’s revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts forecast that AMC Networks Inc. will post 4.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on AMCX shares. Wells Fargo & Company decreased their price target on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a report on Monday, August 12th. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Morgan Stanley cut their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. Finally, Seaport Res Ptn raised shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AMC Networks currently has an average rating of “Hold” and an average price target of $8.50.

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.