AMC Networks (NASDAQ:AMCX) Trading Up 15.6%

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) shares rose 15.6% during mid-day trading on Monday . The stock traded as high as $15.32 and last traded at $15.30. Approximately 140,188 shares traded hands during trading, a decline of 77% from the average daily volume of 597,123 shares. The stock had previously closed at $13.24.

Analyst Ratings Changes

AMCX has been the topic of several recent research reports. Morgan Stanley decreased their price objective on AMC Networks from $12.00 to $11.00 and set an "underweight" rating on the stock in a report on Monday, February 12th. TheStreet upgraded AMC Networks from a "d+" rating to a "c-" rating in a report on Tuesday, February 13th. Finally, StockNews.com lowered AMC Networks from a "buy" rating to a "hold" rating in a report on Saturday, February 17th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. Based on data from MarketBeat, AMC Networks has a consensus rating of "Hold" and an average target price of $11.75.

AMC Networks Stock Up 15.0 %

The company has a fifty day moving average of $11.86 and a two-hundred day moving average of $14.69. The company has a market cap of $663.42 million, a PE ratio of 4.27 and a beta of 1.22. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.72 and a current ratio of 1.72.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its quarterly earnings data on Friday, May 10th. The company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.63). The business had revenue of $596.50 million during the quarter, compared to the consensus estimate of $601.74 million. AMC Networks had a net margin of 6.09% and a return on equity of 23.80%. The business's revenue was down 16.9% compared to the same quarter last year. During the same period last year, the company earned $2.62 EPS. As a group, analysts anticipate that AMC Networks Inc. will post 6.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMC Networks

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in AMC Networks by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company's stock valued at $41,145,000 after acquiring an additional 30,721 shares during the last quarter. Barclays PLC grew its position in shares of AMC Networks by 164.5% during the 3rd quarter. Barclays PLC now owns 41,906 shares of the company's stock worth $495,000 after buying an additional 26,061 shares in the last quarter. Smith Graham & Co. Investment Advisors LP bought a new stake in AMC Networks during the third quarter valued at about $3,957,000. Assenagon Asset Management S.A. boosted its position in AMC Networks by 152.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 39,895 shares of the company's stock valued at $750,000 after purchasing an additional 24,085 shares in the last quarter. Finally, RWWM Inc. bought a new stake in AMC Networks during the third quarter valued at about $2,068,000. Institutional investors own 78.51% of the company's stock.

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.