2 weeks Ago By ABMN Staff
Prudential Financial Inc. decreased its holdings in AMC Networks Inc. ( NASDAQ:AMCX – Free Report ) by 2.
9% in the 4th quarter, HoldingsChannel reports. The fund owned 153,097 shares of the company’s stock after selling 4,500 shares during the quarter. Prudential Financial Inc.
’s holdings in AMC Networks were worth $1,516,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently bought and sold shares of AMCX. BNP Paribas Financial Markets grew its stake in shares of AMC Networks by 163.
9% during the 3rd quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock worth $778,000 after purchasing an additional 55,565 shares during the period. Paloma Partners Management Co acquired a new position in AMC Networks during the third quarter worth about $253,000.
Jacobs Levy Equity Management Inc. acquired a new position in AMC Networks during the third quarter worth about $231,000. Point72 DIFC Ltd purchased a new position in AMC Networks in the third quarter valued at about $235,000.
Finally, Quarry LP lifted its position in shares of AMC Networks by 325.2% during the 3rd quarter. Quarry LP now owns 18,262 shares of the company’s stock valued at $159,000 after acquiring an additional 13,967 shares during the period.
Institutional investors and hedge funds own 78.51% of the company’s stock. AMC Networks Price Performance AMCX stock opened at $6.
21 on Friday. The stock’s 50 day moving average price is $7.94 and its 200 day moving average price is $8.
56. The firm has a market cap of $274.08 million, a P/E ratio of -1.
18 and a beta of 1.28. The company has a debt-to-equity ratio of 2.
63, a quick ratio of 2.38 and a current ratio of 2.38.
AMC Networks Inc. has a 1 year low of $5.85 and a 1 year high of $18.
58. Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on AMCX shares. StockNews.
com cut AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Morgan Stanley lowered their target price on AMC Networks from $9.00 to $8.
00 and set an “underweight” rating on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their price target on AMC Networks from $9.
00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, AMC Networks has a consensus rating of “Hold” and a consensus price target of $8.00.
View Our Latest Report on AMC Networks Insider Transactions at AMC Networks In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.
95, for a total value of $1,072,697.75. Following the completion of the sale, the insider now owns 20,833 shares of the company’s stock, valued at $144,789.
35. The trade was a 88.11 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Insiders own 25.87% of the company’s stock.
AMC Networks Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding AMCX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for AMC Networks Inc. ( NASDAQ:AMCX – Free Report ). Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.
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