AMC Networks Inc. (AMCX) Shares Bought by Tealwood Asset Management Inc

Xavier Trudeau
Août 13, 2017

Tealwood Asset Management Inc. boosted its stake in AMC Networks Inc. RNC Capital Management LLC now owns 4,462 shares of the company's stock valued at $262,000 after buying an additional 440 shares during the last quarter. It dived, as 38 investors sold AMC Networks Inc shares while 97 reduced holdings. BlackRock Inc. raised its stake in shares of AMC Networks by 3,894.6% in the first quarter. Wrapmanager Inc. raised its stake in AMC Networks by 3.2% in the second quarter. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in AMC Networks Inc (NASDAQ:AMCX) for 1,983 shares. Greenwood Capital Associates LLC now owns 3,987 shares of the company's stock worth $234,000 after buying an additional 167 shares during the period. Norges Bank purchased a new stake in shares of AMC Networks during the fourth quarter valued at approximately $29,945,000. Thrivent Financial for Lutherans now owns 10,127 shares of the company's stock valued at $530,000 after buying an additional 690 shares during the last quarter. AMC Networks Inc (NASDAQ:AMCX) has declined 17.50% since August 10, 2016 and is downtrending. Based on the recent close, the shares have dropped -1.35% over the past five trading days. Company chares are trading at $60.93 a tad higher than the 50 day moving average of $58.65 and a great deal higher than the 200 day moving average of $57.34. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 13.42 and a beta of 1.06. The value of the company's investment in AMC Networks Inc. decreased from $28,018,000 to $20,628,000 a change of $7,390,000 for the reporting period.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.41 by $0.47. AMC Networks had a return on equity of 683.16% and a net margin of 11.40%. The firm had revenue of $710.55 million for the quarter, compared to the consensus estimate of $715.23 million. During the same period in the prior year, the company posted $1.15 EPS. The company's revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that AMC Networks Inc. will post $6.64 earnings per share for the current fiscal year.

AMC Networks announced that its board has authorized a stock buyback program on Wednesday, June 7th that authorizes the company to repurchase $500.00 million in shares. This buyback authorization permits the company to reacquire up to 13.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: "Berkeley Capital Partners LLC Takes Position in AMC Networks Inc".

Fort L.P. holds 2.77% of its portfolio in AMC Networks Inc for 187,933 shares. If you are reading this report on another publication, it was copied illegally and republished in violation of global copyright and trademark laws. Stifel Nicolaus maintained AMC Networks Inc (NASDAQ:AMCX) on Saturday, August 8 with "Buy" rating.

AMCX has been the topic of several research analyst reports. UBS downgraded it to "Sell" rating and $57 target in Friday, July 15 report. BidaskClub upgraded AMC Networks from a "buy" rating to a "strong-buy" rating in a report on Monday, July 31st. Finally, ValuEngine lowered AMC Networks from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a "hold" rating and set a $65.00 price objective on shares of AMC Networks in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. The company now has a consensus rating of "Hold" and an average price target of $61.25.

Parametric Portfolio Assocs Limited Com holds 0% of its portfolio in AMC Networks Inc (NASDAQ:AMCX) for 68,548 shares. Hightower Advisors Limited Liability Company owns 0.1% invested in Tesla Inc (NASDAQ:TSLA) for 41,356 shares. It operates through two segments: National Networks, and worldwide and Other.

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