AMC NETWORKS INC Common Stock (AMCX) Position Lifted by Schwab Charles Investment Management Inc.

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Schwab Charles Investment Management Inc. boosted its holdings in shares of AMC NETWORKS INC Common Stock (NASDAQ:AMCX) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,667 shares of the company’s stock after buying an additional 18,359 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.74% of AMC NETWORKS INC Common Stock worth $26,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Advisors Preferred LLC increased its position in AMC NETWORKS INC Common Stock by 265.9% during the 2nd quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock valued at $125,000 after buying an additional 1,460 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in AMC NETWORKS INC Common Stock during the 1st quarter valued at about $120,000. Creative Planning acquired a new position in AMC NETWORKS INC Common Stock during the 2nd quarter valued at about $245,000. Wrapmanager Inc. acquired a new position in AMC NETWORKS INC Common Stock during the 1st quarter valued at about $207,000. Finally, Weik Capital Management acquired a new position in AMC NETWORKS INC Common Stock during the 1st quarter valued at about $216,000. 84.58% of the stock is currently owned by institutional investors.

In other news, COO Edward A. Carroll sold 11,700 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $66.72, for a total value of $780,624.00. Following the sale, the chief operating officer now owns 42,868 shares in the company, valued at $2,860,152.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Gallagher sold 2,300 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $67.01, for a total value of $154,123.00. Following the completion of the sale, the executive vice president now owns 15,003 shares in the company, valued at approximately $1,005,351.03. The disclosure for this sale can be found here. 20.97% of the stock is owned by corporate insiders.

AMC NETWORKS INC Common Stock stock opened at $63.11 on Thursday. 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 cap of $3.58 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.79 and a beta of 0.74. AMC NETWORKS INC Common Stock has a fifty-two week low of $46.89 and a fifty-two week high of $69.02.

AMC NETWORKS INC Common Stock (NASDAQ:AMCX) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.16). AMC NETWORKS INC Common Stock had a net margin of 17.22% and a return on equity of 278.30%. The firm had revenue of $761.39 million for the quarter, compared to analysts’ expectations of $731.99 million. During the same quarter in the previous year, the firm posted $1.88 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. research analysts forecast that AMC NETWORKS INC Common Stock will post 8.31 earnings per share for the current year.

AMCX has been the topic of several research analyst reports. ValuEngine upgraded AMC NETWORKS INC Common Stock from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Gabelli upgraded AMC NETWORKS INC Common Stock from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. BidaskClub downgraded AMC NETWORKS INC Common Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Imperial Capital initiated coverage on AMC NETWORKS INC Common Stock in a research note on Thursday, July 19th. They set an “in-line” rating and a $65.00 price target on the stock. Finally, TheStreet upgraded AMC NETWORKS INC Common Stock from a “c+” rating to a “b-” rating in a research note on Tuesday, May 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the stock. AMC NETWORKS INC Common Stock presently has a consensus rating of “Hold” and a consensus price target of $61.80.

AMC NETWORKS INC Common Stock 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.

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Institutional Ownership by Quarter for AMC NETWORKS INC Common Stock (NASDAQ:AMCX)

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