AMC Networks Inc. (NASDAQ:AMCX) has been given a mean advice of “Maintain” by the fourteen analysts which can be masking the corporate, MarketBeat Rankings reviews. Three analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and two have issued a purchase ranking on the corporate. The common 1 yr worth goal amongst analysts which have issued rankings on the inventory within the final yr is $40.17.
AMCX has been the subject of a number of latest analyst reviews. Morgan Stanley elevated their worth goal on shares of AMC Networks from $50.00 to $55.00 and gave the corporate an “equal weight” ranking in a report on Wednesday, March third. Royal Financial institution of Canada lifted their goal worth on shares of AMC Networks from $33.00 to $90.00 and gave the corporate an “outperform” ranking in a analysis report on Tuesday, March 2nd. Zacks Funding Analysis upgraded shares of AMC Networks from a “promote” ranking to a “maintain” ranking in a analysis report on Wednesday, March third. Moffett Nathanson lifted their goal worth on shares of AMC Networks from $29.00 to $48.00 in a analysis report on Friday, January fifteenth. Lastly, Macquarie lowered shares of AMC Networks from an “outperform” ranking to a “impartial” ranking and set a $45.00 goal worth on the inventory. in a analysis report on Thursday, January twenty eighth. They famous that the transfer was a valuation name.
In associated information, EVP James Gallagher offered 5,000 shares of the corporate’s inventory in a transaction that occurred on Wednesday, March tenth. The shares have been offered at a mean worth of $68.60, for a complete transaction of $343,000.00. Following the sale, the manager vice chairman now immediately owns 27,277 shares of the corporate’s inventory, valued at roughly $1,871,202.20. The sale was disclosed in a authorized submitting with the SEC, which is out there by this hyperlink. Additionally, CEO Joshua W. Sapan offered 39,980 shares of the inventory in a transaction that occurred on Monday, April fifth. The shares have been offered at a mean worth of $51.73, for a complete transaction of $2,068,165.40. Following the completion of the sale, the chief government officer now immediately owns 748,897 shares within the firm, valued at $38,740,441.81. The disclosure for this sale may be discovered right here. Insiders offered a complete of 59,781 shares of firm inventory value $3,547,824 during the last three months. Insiders personal 23.64% of the corporate’s inventory.
Numerous institutional traders have lately made modifications to their positions in AMCX. Oregon Public Staff Retirement Fund boosted its place in shares of AMC Networks by 1.7% within the first quarter. Oregon Public Staff Retirement Fund now owns 12,165 shares of the corporate’s inventory value $647,000 after buying a further 200 shares over the last quarter. Nisa Funding Advisors LLC boosted its place in shares of AMC Networks by 4.3% within the first quarter. Nisa Funding Advisors LLC now owns 4,807 shares of the corporate’s inventory valued at $256,000 after buying a further 200 shares throughout the interval. Hanson & Doremus Funding Administration elevated its stake in shares of AMC Networks by 7.6% within the fourth quarter. Hanson & Doremus Funding Administration now owns 3,351 shares of the corporate’s inventory valued at $120,000 after shopping for a further 237 shares within the final quarter. Public Staff Retirement System of Ohio elevated its place in AMC Networks by 6.1% within the fourth quarter. Public Staff Retirement System of Ohio now owns 5,805 shares of the corporate’s inventory value $208,000 after buying a further 332 shares throughout the interval. Lastly, Trade Traded Ideas LLC boosted its holdings in AMC Networks by 4.8% throughout the fourth quarter. Trade Traded Ideas LLC now owns 16,250 shares of the corporate’s inventory value $581,000 after shopping for a further 744 shares over the last quarter. Institutional traders personal 81.48% of the corporate’s inventory.
Shares of NASDAQ AMCX opened at $47.06 on Wednesday. The enterprise’s 50 day transferring common worth is $55.97 and its 200 day transferring common worth is $44.07. The agency has a market cap of $1.95 billion, a P/E ratio of 18.67 and a beta of 1.35. AMC Networks has a 52 week low of $20.16 and a 52 week 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.
AMC Networks (NASDAQ:AMCX) final launched its quarterly earnings knowledge on Thursday, February twenty fifth. The corporate reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $2.24. AMC Networks had a return on fairness of 53.93% and a internet margin of 4.85%. The enterprise had income of $780.28 million for the quarter, in comparison with analyst estimates of $703.56 million. Throughout the identical quarter within the prior yr, the agency posted $1.69 EPS. The enterprise’s quarterly income was down .6% in comparison with the identical quarter final yr. As a gaggle, analysis analysts anticipate that AMC Networks will publish 6.86 earnings per share for the present yr.
About AMC Networks
AMC Networks Inc, an leisure firm, owns and operates a set of video leisure merchandise which can be 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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