Dynamic Technology Lab Private Ltd Invests $341,000 in AMC Networks Inc. $AMCX

Key Points

• Dynamic Technology Lab Private Ltd has acquired 49,485 shares of AMC Networks Inc. valued at around $341,000, representing 0.11% ownership by the end of the reporting period.
• AMC Networks reported earnings of $0.69 per share in its latest quarter, surpassing analysts' expectations of $0.54, despite a 4.1% decrease in revenue year-over-year.
• Wells Fargo has maintained an "underweight" rating for AMC Networks, with the stock currently holding a consensus target price of $5.38 from analysts.

Dynamic Technology Lab Private Ltd acquired a new position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,485 shares of the company's stock, valued at approximately $341,000. Dynamic Technology Lab Private Ltd owned 0.11% of AMC Networks as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. RWWM Inc. lifted its position in shares of AMC Networks by 74.3% in the first quarter. RWWM Inc. now owns 2,712,921 shares of the company's stock worth $18,665,000 after buying an additional 1,156,267 shares in the last quarter. Readystate Asset Management LP raised its position in AMC Networks by 352.5% during the first quarter. Readystate Asset Management LP now owns 405,383 shares of the company's stock valued at $2,789,000 after purchasing an additional 315,787 shares during the period. Janus Henderson Group PLC grew its stake in shares of AMC Networks by 2,483.1% during the fourth quarter. Janus Henderson Group PLC now owns 309,090 shares of the company's stock valued at $3,060,000 after buying an additional 297,124 shares during the last quarter. Trexquant Investment LP grew its stake in shares of AMC Networks by 84.1% during the first quarter. Trexquant Investment LP now owns 374,376 shares of the company's stock valued at $2,576,000 after buying an additional 171,028 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of AMC Networks by 44.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 396,710 shares of the company's stock valued at $2,721,000 after buying an additional 121,844 shares during the last quarter. Institutional investors own 78.51% of the company's stock.

AMC Networks Stock Up 0.6%

NASDAQ AMCX traded up $0.05 during midday trading on Thursday, hitting $8.37. 307,614 shares of the company traded hands, compared to its average volume of 395,190. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $363.09 million, a PE ratio of -1.92 and a beta of 1.40. The company's 50-day simple moving average is $6.86 and its 200-day simple moving average is $6.58. AMC Networks Inc. has a 52 week low of $5.41 and a 52 week high of $10.60.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its 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. The business 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 last year, the firm earned $1.24 EPS. AMC Networks has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reissued an "underweight" rating on shares of AMC Networks in a research note on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $5.38.

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.