Trexquant Investment LP Grows Stock Holdings in AMC Networks Inc. $AMCX

Key Points

• Trexquant Investment LP increased its stake in AMC Networks by 84.1%, owning 374,376 shares worth approximately $2.58 million after acquiring an additional 171,028 shares.
• The company's stock price opened at $7.29, with a market cap of $316.24 million and a 12-month trading range between $5.41 and $10.60.
• Analysts have mixed views on the stock, with one rating it as a Strong Buy while four, including JPMorgan and Morgan Stanley, have given Sell ratings.

Trexquant Investment LP increased its position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 84.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 374,376 shares of the company's stock after purchasing an additional 171,028 shares during the quarter. Trexquant Investment LP owned approximately 0.85% of AMC Networks worth $2,576,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMCX. Quantbot Technologies LP acquired a new position in AMC Networks in the first quarter valued at $31,000. GAMMA Investing LLC raised its stake in shares of AMC Networks by 254.1% in the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company's stock valued at $36,000 after acquiring an additional 3,732 shares during the period. US Bancorp DE grew its holdings in AMC Networks by 3,351.9% during the 1st quarter. US Bancorp DE now owns 10,045 shares of the company's stock worth $69,000 after acquiring an additional 9,754 shares in the last quarter. Algert Global LLC acquired a new position in AMC Networks during the 1st quarter valued at about $73,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of AMC Networks in the 1st quarter worth approximately $103,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMCX has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped 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. Wells Fargo & Company reaffirmed an "underweight" rating on shares of AMC Networks in a report on Sunday, August 10th. Morgan Stanley dropped their price objective on AMC Networks from $6.00 to $5.50 and set an "underweight" rating for the company in a research note on Monday, May 12th. Finally, Wall Street Zen raised AMC Networks from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, AMC Networks has a consensus rating of "Reduce" and an average price target of $5.38.

AMC Networks Stock Up 4.4%

NASDAQ AMCX traded up $0.34 during mid-day trading on Monday, reaching $7.90. 293,957 shares of the company's stock traded hands, compared to its average volume of 569,465. The company has a fifty day simple moving average of $6.51 and a 200-day simple moving average 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. AMC Networks Inc. has a 1-year low of $5.41 and a 1-year high of $10.60. The company has a market cap of $342.49 million, a price-to-earnings ratio of -1.81 and a beta of 1.40.

AMC Networks (NASDAQ:AMCX - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $582.99 million. During the same quarter in the previous year, the company posted $1.24 earnings per share. The business's quarterly revenue was down 4.1% compared to the same quarter last year. AMC Networks has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that AMC Networks Inc. will post 2.62 EPS for the current year.

AMC Networks Company 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.