Analysts Set AMC Networks Inc. (NASDAQ:AMCX) Price Target at $11.75

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been given an average rating of “Strong Sell” by the five analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $11.75.

Several analysts have weighed in on AMCX shares. TheStreet raised AMC Networks from a “d+” rating to a “c-” rating in a report on Tuesday, February 13th. StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Finally, Morgan Stanley lowered their price target on shares of AMC Networks from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Monday, February 12th.

Institutional Investors Weigh In On AMC Networks

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in shares of AMC Networks by 20.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock worth $52,000 after purchasing an additional 737 shares during the period. SG Americas Securities LLC grew its holdings in AMC Networks by 5.8% in the 4th quarter. SG Americas Securities LLC now owns 16,030 shares of the company’s stock valued at $301,000 after buying an additional 882 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of AMC Networks by 6.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 18,428 shares of the company’s stock valued at $346,000 after acquiring an additional 1,172 shares during the last quarter. Swiss National Bank lifted its holdings in shares of AMC Networks by 2.6% during the 3rd quarter. Swiss National Bank now owns 59,900 shares of the company’s stock worth $706,000 after acquiring an additional 1,500 shares during the period. Finally, Signaturefd LLC boosted its position in shares of AMC Networks by 206.2% in the third quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock worth $28,000 after acquiring an additional 1,592 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $10.62 on Wednesday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.14. AMC Networks has a fifty-two week low of $9.87 and a fifty-two week high of $20.97. The firm’s fifty day simple moving average is $11.91 and its 200-day simple moving average is $14.66. The stock has a market cap of $462.61 million, a PE ratio of 2.17 and a beta of 1.21.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Friday, February 9th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The company had revenue of $678.80 million during the quarter, compared to analysts’ expectations of $675.97 million. During the same period last year, the company posted $2.52 earnings per share. The firm’s quarterly revenue was down 29.6% compared to the same quarter last year. Analysts expect that AMC Networks will post 5.67 earnings per share for the current fiscal year.

About AMC Networks

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.