Nuveen LLC Makes New $602,000 Investment in AMC Networks Inc. $AMCX

Key Points

• Nuveen LLC has made a new investment in AMC Networks Inc., acquiring 87,528 shares valued at approximately $602,000, representing about 0.20% of the company.
• AMC Networks reported $0.69 earnings per share in its recent quarterly earnings, exceeding analysts' expectations of $0.54, despite experiencing a 4.1% decline in revenue compared to the previous year.
• Morgan Stanley and JPMorgan Chase have both downgraded their target prices for AMC Networks, indicating a generally negative sentiment among analysts, with a consensus price target of $5.38.

Nuveen LLC acquired a new stake in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 87,528 shares of the company's stock, valued at approximately $602,000. Nuveen LLC owned 0.20% of AMC Networks at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. RWWM Inc. grew its stake in AMC Networks by 74.3% during the 1st quarter. RWWM Inc. now owns 2,712,921 shares of the company's stock valued at $18,665,000 after purchasing an additional 1,156,267 shares during the last quarter. Readystate Asset Management LP increased its position in shares of AMC Networks by 352.5% during the first quarter. Readystate Asset Management LP now owns 405,383 shares of the company's stock worth $2,789,000 after purchasing an additional 315,787 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in AMC Networks by 2,483.1% in the 4th quarter. Janus Henderson Group PLC now owns 309,090 shares of the company's stock valued at $3,060,000 after purchasing an additional 297,124 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of AMC Networks by 22.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company's stock worth $14,505,000 after purchasing an additional 267,044 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of AMC Networks by 30.2% during the 4th quarter. AQR Capital Management LLC now owns 765,298 shares of the company's stock worth $7,576,000 after buying an additional 177,368 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AMCX shares. Morgan Stanley decreased 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. JPMorgan Chase & Co. dropped their target price 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. Wells Fargo & Company restated an "underweight" rating on shares of AMC Networks in a research report on Sunday, August 10th. Finally, Wall Street Zen raised shares of AMC Networks from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, AMC Networks currently has a consensus rating of "Reduce" and a consensus target price of $5.38.

AMC Networks Price Performance

NASDAQ AMCX traded up $0.31 during trading hours on Monday, reaching $7.87. The company's stock had a trading volume of 268,029 shares, compared to its average volume of 569,370. AMC Networks Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $10.60. The stock has a market cap of $341.40 million, a PE ratio of -1.80 and a beta of 1.40. The company's 50-day moving average is $6.51 and its two-hundred day moving average is $6.52. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.07 and a current ratio of 2.07.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $582.99 million. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. The business's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 earnings per share. AMC Networks has set its FY 2025 guidance at EPS. Analysts forecast that AMC Networks Inc. will post 2.62 EPS 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.