Graham Capital Management L.P. Grows Position in AMC Networks Inc. $AMCX

Key Points

• Graham Capital Management L.P. increased its holdings in AMC Networks by 422.0% during the 1st quarter, now owning approximately 0.31% of the company, worth around $942,000.
• Various institutional investors have also adjusted their stakes in AMC Networks, with 78.51% of the stock owned by institutional investors and hedge funds.
• Analysts have mixed opinions on AMC Networks, with Morgan Stanley and JPMorgan Chase lowering their target prices, while Wall Street Zen upgraded its rating to “buy.”

Graham Capital Management L.P. increased its position in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 422.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,955 shares of the company's stock after buying an additional 110,719 shares during the period. Graham Capital Management L.P. owned 0.31% of AMC Networks worth $942,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in AMCX. Wells Fargo & Company MN increased its stake in shares of AMC Networks by 18.4% in the 4th quarter. Wells Fargo & Company MN now owns 26,216 shares of the company's stock valued at $260,000 after acquiring an additional 4,083 shares during the last quarter. Mariner LLC bought a new stake in shares of AMC Networks during the fourth quarter valued at approximately $208,000. Hsbc Holdings PLC purchased a new stake in AMC Networks during the fourth quarter valued at $152,000. Price T Rowe Associates Inc. MD raised its position in AMC Networks by 3.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 49,897 shares of the company's stock valued at $494,000 after purchasing an additional 1,589 shares during the period. Finally, AQR Capital Management LLC boosted its position in AMC Networks by 30.2% during the 4th quarter. AQR Capital Management LLC now owns 765,298 shares of the company's stock valued at $7,576,000 after acquiring an additional 177,368 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of AMC Networks from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Wells Fargo & Company reissued an "underweight" rating on shares of AMC Networks in a research note on Sunday, August 10th. Morgan Stanley reduced their price target on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating on the stock in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $5.38.

AMC Networks Stock Up 4.2%

AMCX traded up $0.32 on Monday, hitting $7.88. 383,995 shares of the company were exchanged, compared to its average volume of 570,026. The firm has a 50-day moving average price of $6.51 and a two-hundred day moving average price of $6.52. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 2.11. The company has a market cap of $341.62 million, a price-to-earnings ratio of -1.80 and a beta of 1.40. AMC Networks Inc. has a twelve month low of $5.41 and a twelve month high of $10.60.

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

AMC Networks Profile

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.