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

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of AMC Networks in the first quarter worth $31,000. GAMMA Investing LLC lifted its holdings in shares of AMC Networks by 254.1% in the first quarter. GAMMA Investing LLC now owns 5,201 shares of the company's stock worth $36,000 after buying an additional 3,732 shares in the last quarter. US Bancorp DE lifted its holdings in shares of AMC Networks by 3,351.9% in the first quarter. US Bancorp DE now owns 10,045 shares of the company's stock worth $69,000 after buying an additional 9,754 shares in the last quarter. Algert Global LLC purchased a new position in shares of AMC Networks in the first quarter worth $73,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of AMC Networks by 20.7% in the fourth quarter. Quantinno Capital Management LP now owns 12,255 shares of the company's stock worth $121,000 after buying an additional 2,102 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Analyst Upgrades and Downgrades

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

AMC Networks Price Performance

AMC Networks stock opened at $8.23 on Friday. The company has a market cap of $357.02 million, a price-to-earnings ratio of -1.88 and a beta of 1.40. The firm's fifty day moving average is $6.68 and its 200 day moving average is $6.54. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 2.11. 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 released its quarterly earnings results on Friday, August 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. The company had revenue of $600.02 million for the quarter, compared to the consensus estimate of $582.99 million. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. AMC Networks's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. AMC Networks has set its FY 2025 guidance at EPS. Sell-side analysts forecast that AMC Networks Inc. will post 2.62 EPS for the current fiscal 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.

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