AMC Networks Inc. $AMCX Shares Acquired by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL increased its stake in AMC Networks Inc. by 17.6%, owning 505,168 shares worth approximately $3.48 million as of the latest reporting period.
• A substantial number of large investors have also recently modified their positions in AMC Networks, with RWWM Inc. and Readystate Asset Management LP showing significant increases in their holdings.
• AMC Networks reported earnings of $0.69 per share in its latest quarter, exceeding analyst expectations; however, revenue decreased by 4.1% year-over-year.

Gamco Investors INC. ET AL boosted its position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 17.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 505,168 shares of the company's stock after purchasing an additional 75,488 shares during the period. Gamco Investors INC. ET AL owned approximately 1.14% of AMC Networks worth $3,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in AMC Networks in the first quarter worth $31,000. GAMMA Investing LLC grew its stake in AMC Networks by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company's stock worth $36,000 after acquiring an additional 3,732 shares in the last quarter. US Bancorp DE raised its stake in shares of AMC Networks by 3,351.9% during the first quarter. US Bancorp DE now owns 10,045 shares of the company's stock valued at $69,000 after acquiring an additional 9,754 shares in the last quarter. Algert Global LLC purchased a new stake in shares of AMC Networks in the first quarter valued at approximately $73,000. Finally, Quantinno Capital Management LP increased its holdings in AMC Networks by 20.7% during the 4th quarter. Quantinno Capital Management LP now owns 12,255 shares of the company's stock worth $121,000 after purchasing an additional 2,102 shares during the period. Hedge funds and other institutional investors own 78.51% of the company's stock.

AMC Networks Stock Performance

NASDAQ:AMCX traded up $0.12 during mid-day trading on Tuesday, hitting $7.18. The company's stock had a trading volume of 235,123 shares, compared to its average volume of 573,457. AMC Networks Inc. has a 1 year low of $5.41 and a 1 year high of $10.60. 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 stock has a market cap of $311.29 million, a price-to-earnings ratio of -1.64 and a beta of 1.40. The business's fifty day moving average is $6.41 and its two-hundred day moving average is $6.55.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMCX shares. Morgan Stanley dropped their price objective 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. Wall Street Zen upgraded 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 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 research note on Monday, May 12th. One analyst has rated the stock with a Strong Buy rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target 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.