American Century Companies Inc. Lowers Position in AMC NETWORKS INC Common Stock (AMCX)

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American Century Companies Inc. trimmed its holdings in AMC NETWORKS INC Common Stock (NASDAQ:AMCX) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,906 shares of the company’s stock after selling 6,777 shares during the period. American Century Companies Inc. owned 0.10% of AMC NETWORKS INC Common Stock worth $3,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new stake in AMC NETWORKS INC Common Stock in the 1st quarter valued at about $120,000. Advisors Preferred LLC grew its stake in AMC NETWORKS INC Common Stock by 265.9% in the 2nd quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock valued at $125,000 after acquiring an additional 1,460 shares during the last quarter. Weik Capital Management acquired a new stake in AMC NETWORKS INC Common Stock in the 1st quarter valued at about $216,000. Summit Trail Advisors LLC boosted its stake in shares of AMC NETWORKS INC Common Stock by 3,529.7% during the 1st quarter. Summit Trail Advisors LLC now owns 216,039 shares of the company’s stock worth $216,000 after purchasing an additional 210,087 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of AMC NETWORKS INC Common Stock during the 2nd quarter worth about $245,000. 84.58% of the stock is currently owned by hedge funds and other institutional investors.

AMC NETWORKS INC Common Stock stock 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 12-month low of $46.89 and a 12-month high of $69.02. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.79 and a beta of 0.74.

AMC NETWORKS INC Common Stock (NASDAQ:AMCX) last released its earnings results on Thursday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $761.39 million during the quarter, compared to analyst estimates of $731.99 million. During the same period in the prior year, the business posted $1.88 earnings per share. AMC NETWORKS INC Common Stock’s revenue was up 7.2% on a year-over-year basis. equities research analysts expect that AMC NETWORKS INC Common Stock will post 8.31 EPS for the current fiscal year.

In related news, COO Edward A. Carroll sold 11,700 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $66.72, for a total value of $780,624.00. Following the sale, the chief operating officer now directly owns 42,868 shares of the company’s stock, valued at $2,860,152.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Gallagher sold 2,300 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $67.01, for a total transaction of $154,123.00. Following the completion of the sale, the executive vice president now directly 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 currently owned by company insiders.

Several equities research analysts have issued reports on the stock. ValuEngine raised shares of AMC NETWORKS INC Common Stock from a “strong sell” rating to a “sell” rating in a research note on Monday, August 20th. Zacks Investment Research cut shares of AMC NETWORKS INC Common Stock from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. BidaskClub cut shares of AMC NETWORKS INC Common Stock from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Imperial Capital assumed coverage on shares of 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, Guggenheim reaffirmed a “hold” rating and set a $58.00 price target on shares of AMC NETWORKS INC Common Stock in a research note on Friday, July 13th. Three 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 company’s stock. The company currently has an average rating of “Hold” and an average 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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