California Public Employees Retirement System increased its position in shares of Amc Networks Inc (NASDAQ:AMCX) by 30.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,761 shares of the company’s stock after purchasing an additional 24,143 shares during the quarter. California Public Employees Retirement System owned 0.18% of Amc Networks worth $5,052,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new position in Amc Networks during the second quarter valued at approximately $27,000. TRUE Private Wealth Advisors purchased a new position in Amc Networks during the second quarter valued at approximately $29,000. Resources Investment Advisors LLC. purchased a new position in Amc Networks during the second quarter valued at approximately $44,000. Quadrant Capital Group LLC raised its position in Amc Networks by 152.0% during the third quarter. Quadrant Capital Group LLC now owns 1,227 shares of the company’s stock valued at $56,000 after acquiring an additional 740 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in Amc Networks by 92.3% during the third quarter. Golden State Wealth Management LLC now owns 1,250 shares of the company’s stock valued at $61,000 after acquiring an additional 600 shares in the last quarter. 85.51% of the stock is owned by hedge funds and other institutional investors.
Amc Networks stock opened at $39.65 on Monday. The stock has a market capitalization of $2.20 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.48 and a beta of 0.82. Amc Networks Inc has a 12 month low of $39.10 and a 12 month high of $68.42. The business has a 50 day simple moving average of $45.70 and a 200-day simple moving average of $51.39. The company has a debt-to-equity ratio of 5.00, a current ratio of 2.71 and a quick ratio of 2.71.
AMCX has been the subject of several recent research reports. Wolfe Research upgraded Amc Networks from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 30th. BidaskClub cut Amc Networks from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 17th. Deutsche Bank reduced their price target on Amc Networks from $60.00 to $49.00 and set a “hold” rating for the company in a research report on Monday, November 4th. They noted that the move was a valuation call. Wells Fargo & Co initiated coverage on Amc Networks in a research report on Monday, September 23rd. They set a “market perform” rating and a $58.00 price target for the company. Finally, ValuEngine upgraded Amc Networks from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $49.71.
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.
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