AMC Networks Inc. $AMCX Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 893,491 shares of the company's stock after purchasing an additional 69,395 shares during the period. American Century Companies Inc. owned approximately 2.02% of AMC Networks worth $6,147,000 as of its most recent SEC filing.

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A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in AMC Networks during the first quarter worth about $602,000. Charles Schwab Investment Management Inc. grew its holdings in AMC Networks by 17.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 683,395 shares of the company's stock valued at $4,702,000 after purchasing an additional 100,158 shares during the period. US Bancorp DE grew its holdings in AMC Networks by 3,351.9% in the first quarter. US Bancorp DE now owns 10,045 shares of the company's stock valued at $69,000 after purchasing an additional 9,754 shares during the period. Banque Cantonale Vaudoise acquired a new position in AMC Networks during the first quarter valued at approximately $103,000. Finally, Readystate Asset Management LP lifted its position in AMC Networks by 352.5% during the first quarter. Readystate Asset Management LP now owns 405,383 shares of the company's stock valued at $2,789,000 after buying an additional 315,787 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

AMC Networks Price Performance

AMCX stock opened at $7.06 on Friday. 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 one year low of $5.41 and a one year high of $10.63. The firm has a market capitalization of $306.26 million, a PE ratio of -1.62 and a beta of 1.38. The firm has a 50-day moving average of $6.37 and a two-hundred day moving average of $6.63.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 7.42% and a positive return on equity of 15.73%. The company had revenue of $600.02 million during the quarter, compared to analyst estimates of $582.99 million. During the same period in the prior year, the firm earned $1.24 earnings per share. The business's quarterly revenue was down 4.1% on a year-over-year basis. AMC Networks has set its FY 2025 guidance at EPS. On average, analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on AMC Networks

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.

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