32,023 Shares in AMC NETWORKS INC Common Stock (AMCX) Purchased by Brown Advisory Inc.

Share on StockTwits

Brown Advisory Inc. purchased a new stake in AMC NETWORKS INC Common Stock (NASDAQ:AMCX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,023 shares of the company’s stock, valued at approximately $1,992,000.

Several other hedge funds also recently bought and sold shares of the company. LSV Asset Management grew its position in AMC NETWORKS INC Common Stock by 18.5% in the first quarter. LSV Asset Management now owns 1,899,380 shares of the company’s stock worth $98,197,000 after acquiring an additional 297,197 shares during the period. Summit Trail Advisors LLC grew its position in AMC NETWORKS INC Common Stock by 3,529.7% in the first quarter. Summit Trail Advisors LLC now owns 216,039 shares of the company’s stock worth $216,000 after acquiring an additional 210,087 shares during the period. Matarin Capital Management LLC purchased a new position in AMC NETWORKS INC Common Stock in the first quarter worth approximately $7,867,000. Dimensional Fund Advisors LP grew its position in AMC NETWORKS INC Common Stock by 32.7% in the first quarter. Dimensional Fund Advisors LP now owns 567,798 shares of the company’s stock worth $29,355,000 after acquiring an additional 139,992 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in AMC NETWORKS INC Common Stock in the second quarter worth approximately $8,351,000. Institutional investors and hedge funds own 84.58% of the company’s stock.

NASDAQ:AMCX opened at $63.15 on Friday. The company has a debt-to-equity ratio of 16.00, a quick ratio of 2.46 and a current ratio of 2.46. AMC NETWORKS INC Common Stock has a 52 week low of $46.89 and a 52 week high of $69.02. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.78 and a beta of 0.74.

AMC NETWORKS INC Common Stock (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.16). AMC NETWORKS INC Common Stock had a return on equity of 278.30% and a net margin of 17.22%. The firm had revenue of $761.39 million for the quarter, compared to analyst estimates of $731.99 million. During the same quarter last year, the company earned $1.88 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts anticipate that AMC NETWORKS INC Common Stock will post 8.31 EPS for the current fiscal year.

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

Several research analysts recently weighed in on AMCX shares. TheStreet upgraded AMC NETWORKS INC Common Stock from a “c+” rating to a “b-” rating in a research report on Tuesday, May 29th. Zacks Investment Research upgraded AMC NETWORKS INC Common Stock from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Wednesday, May 16th. Gabelli upgraded AMC NETWORKS INC Common Stock from a “hold” rating to a “buy” rating in a research report on Friday, May 11th. BidaskClub upgraded AMC NETWORKS INC Common Stock from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Finally, ValuEngine upgraded AMC NETWORKS INC Common Stock from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. AMC NETWORKS INC Common Stock currently has an average 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.

See Also: How Do Tariffs Affect Trade Balances?

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 Common Stock (NASDAQ:AMCX).

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

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

Leave a Reply