Charles Schwab Investment Management Inc. Has $4.70 Million Holdings in AMC Networks Inc. $AMCX

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in AMC Networks by 17.2% during Q1, owning approximately 1.55% of the company worth about $4.7 million.
• AMC Networks had a quarterly earnings report with $0.69 earnings per share (EPS), surpassing estimates of $0.54, despite revenue down by 4.1% year-over-year.
• Institutional investors currently own 78.51% of AMC Networks' stock, with various firms making significant adjustments to their positions in the first quarter.

Charles Schwab Investment Management Inc. raised its stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 17.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 683,395 shares of the company's stock after purchasing an additional 100,158 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.55% of AMC Networks worth $4,702,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in AMC Networks by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company's stock valued at $36,000 after purchasing an additional 3,732 shares during the period. US Bancorp DE boosted its holdings in AMC Networks by 3,351.9% in the 1st quarter. US Bancorp DE now owns 10,045 shares of the company's stock valued at $69,000 after purchasing an additional 9,754 shares during the period. Quantinno Capital Management LP boosted its holdings in AMC Networks by 20.7% in the 4th quarter. Quantinno Capital Management LP now owns 12,255 shares of the company's stock valued at $121,000 after purchasing an additional 2,102 shares during the period. Bayesian Capital Management LP boosted its holdings in AMC Networks by 30.0% in the 4th quarter. Bayesian Capital Management LP now owns 13,800 shares of the company's stock valued at $137,000 after purchasing an additional 3,182 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of AMC Networks during the 4th quarter worth about $141,000. 78.51% of the stock is owned by institutional investors.

AMC Networks Price Performance

AMCX stock traded up $0.08 during trading on Wednesday, hitting $7.29. 284,789 shares of the stock traded hands, compared to its average volume of 722,824. AMC Networks Inc. has a one year low of $5.41 and a one year high of $10.60. The stock has a market cap of $316.24 million, a price-to-earnings ratio of -1.67 and a beta of 1.40. The company has a 50 day simple moving average of $6.46 and a 200 day simple moving average of $6.56. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 2.11.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. The company had revenue of $600.02 million for the quarter, compared to analysts' expectations of $582.99 million. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The business's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. AMC Networks has set its FY 2025 guidance at EPS. Equities analysts expect that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMCX. Wall Street Zen raised shares of AMC Networks from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley reduced their price objective on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating for the company in a report on Monday, May 12th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of AMC Networks in a report on Sunday, August 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $5.38.

About AMC Networks

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.