RWC Asset Management LLP Grows Stake in Amc Networks Inc (AMCX)

RWC Asset Management LLP lifted its stake in shares of Amc Networks Inc (NASDAQ:AMCX) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,177 shares of the company’s stock after purchasing an additional 3,581 shares during the period. RWC Asset Management LLP owned about 0.14% of Amc Networks worth $5,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC increased its stake in shares of Amc Networks by 15.0% during the second quarter. Joel Isaacson & Co. LLC now owns 8,050 shares of the company’s stock worth $501,000 after purchasing an additional 1,050 shares in the last quarter. Chicago Equity Partners LLC boosted its position in Amc Networks by 1.7% during the second quarter. Chicago Equity Partners LLC now owns 63,370 shares of the company’s stock worth $3,942,000 after acquiring an additional 1,085 shares during the last quarter. Verity Asset Management Inc. boosted its position in Amc Networks by 32.3% during the second quarter. Verity Asset Management Inc. now owns 5,879 shares of the company’s stock worth $366,000 after acquiring an additional 1,435 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Amc Networks by 32.4% during the second quarter. State of Alaska Department of Revenue now owns 5,970 shares of the company’s stock worth $371,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Advisors Preferred LLC boosted its position in Amc Networks by 265.9% during the second quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock worth $125,000 after acquiring an additional 1,460 shares during the last quarter. 84.52% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AMCX opened at $59.29 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 16.00. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.83 and a beta of 0.69. Amc Networks Inc has a 1-year low of $46.89 and a 1-year high of $69.02.

Amc Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, August 2nd. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.16). The firm had revenue of $761.39 million during the quarter, compared to analyst estimates of $731.99 million. Amc Networks had a net margin of 17.22% and a return on equity of 278.30%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 earnings per share. Equities analysts expect that Amc Networks Inc will post 8.31 EPS for the current fiscal year.

AMCX has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Amc Networks from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Guggenheim restated a “hold” rating and set a $58.00 price target on shares of Amc Networks in a research report on Friday, July 13th. BidaskClub lowered shares of Amc Networks from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. Finally, Goldman Sachs Group lowered shares of Amc Networks from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research report on Tuesday, June 26th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $60.88.

Amc Networks Company 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.

Recommended Story: What are retained earnings?

Want to see what other hedge funds are holding AMCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amc Networks Inc (NASDAQ:AMCX).

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

Receive News & Ratings for Amc Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amc Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply