AMC Networks Inc. (NASDAQ:AMCX) was the recipient of a giant lower in brief curiosity within the month of March. As of March fifteenth, there was brief curiosity totalling 6,290,000 shares, a lower of 20.7% from the February twenty eighth whole of seven,930,000 shares. Based mostly on a mean every day quantity of 1,280,000 shares, the short-interest ratio is presently 4.9 days. Roughly 22.9% of the shares of the corporate are brief bought.
AMCX stock opened at $53.16 on Thursday. AMC Networks has a twelve month low of $19.62 and a twelve month excessive of $83.63. The corporate has a fast ratio of two.43, a present ratio of two.43 and a debt-to-equity ratio of three.89. The corporate has a market cap of $2.20 billion, a P/E ratio of 21.10 and a beta of 1.35. The enterprise’s fifty day shifting common is $61.74 and its 200-day shifting common is $39.28.
AMC Networks (NASDAQ:AMCX) final posted its earnings outcomes on Thursday, February twenty fifth. The corporate reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $2.24. The corporate had income of $780.28 million throughout the quarter, in comparison with analyst estimates of $703.56 million. AMC Networks had a return on fairness of 53.93% and a web margin of 4.85%. The corporate’s income for the quarter was down .6% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the corporate earned $1.69 EPS. Analysis analysts anticipate that AMC Networks will submit 6.86 earnings per share for the present fiscal yr.
A lot of brokerages have lately issued stories on AMCX. Zacks Investment Research upgraded shares of AMC Networks from a “promote” score to a “maintain” score in a analysis be aware on Wednesday, March third. Moffett Nathanson upped their worth goal on AMC Networks from $29.00 to $48.00 in a analysis be aware on Friday, January fifteenth. Deutsche Financial institution Aktiengesellschaft boosted their worth goal on AMC Networks from $30.00 to $32.00 in a analysis be aware on Thursday, December tenth. Macquarie downgraded shares of AMC Networks from an “outperform” score to a “impartial” score and set a $45.00 goal worth on the inventory. in a analysis be aware on Thursday, January twenty eighth. They famous that the transfer was a valuation name. Lastly, Morgan Stanley lifted their worth goal on shares of AMC Networks from $50.00 to $55.00 and gave the corporate an “equal weight” score in a report on Wednesday, March third. 4 equities analysis analysts have rated the inventory with a promote score, six have given a maintain score and two have given a purchase score to the corporate’s inventory. AMC Networks presently has a consensus score of “Maintain” and a consensus worth goal of $37.93.
In associated information, CAO Christian B. Wymbs bought 7,801 shares of the enterprise’s inventory in a transaction dated Wednesday, March tenth. The inventory was bought at a mean worth of $72.27, for a complete transaction of $563,778.27. The sale was disclosed in a doc filed with the SEC, which is offered by means of this link. Additionally, EVP James Gallagher bought 7,000 shares of the corporate’s inventory in a transaction that occurred on Monday, March fifteenth. The shares have been bought at a mean worth of $81.84, for a complete worth of $572,880.00. Following the completion of the transaction, the chief vp now immediately owns 20,277 shares of the corporate’s inventory, valued at roughly $1,659,469.68. The disclosure for this sale might be discovered here. Over the past three months, insiders bought 19,801 shares of firm inventory valued at $1,479,658. Insiders personal 23.64% of the corporate’s inventory.
Hedge funds and different institutional traders have lately made modifications to their positions within the firm. Vantage Consulting Group Inc purchased a brand new stake in shares of AMC Networks within the 4th quarter valued at $37,000. Strs Ohio lifted its holdings in shares of AMC Networks by 45.5% throughout the third quarter. Strs Ohio now owns 1,600 shares of the corporate’s inventory valued at $39,000 after buying an extra 500 shares within the final quarter. Valeo Monetary Advisors LLC acquired a brand new place in shares of AMC Networks within the 4th quarter valued at roughly $57,000. Worldwide Property Funding Administration LLC elevated its stake in AMC Networks by 4.1% throughout the 4th quarter. Worldwide Property Funding Administration LLC now owns 30,242 shares of the corporate’s inventory price $74,000 after buying an extra 1,203 shares within the final quarter. Lastly, Bessemer Group Inc. raised its holdings in AMC Networks by 357.9% throughout the 4th quarter. Bessemer Group Inc. now owns 2,175 shares of the corporate’s inventory price $78,000 after shopping for an extra 1,700 shares throughout the interval. 81.48% of the inventory is presently owned by institutional traders.
AMC Networks Firm Profile
AMC Networks Inc, an leisure firm, owns and operates a collection of video leisure merchandise which are delivered to audiences and a platform to distributors and advertisers in the US and internationally. The corporate operates in two segments, Nationwide Networks; and Worldwide and Different.
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