AMC Networks (NASDAQ:AMCX) Upgraded by Seaport Res Ptn to Strong-Buy

AMC Networks (NASDAQ:AMCX) was upgraded by stock analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. Seaport Res Ptn also issued estimates for AMC Networks’ Q4 2024 earnings at $1.56 EPS and Q1 2025 earnings at $1.60 EPS.

Other research analysts also recently issued reports about the company. StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Wells Fargo & Company reduced their price objective on AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.50.

AMC Networks Stock Up 2.6 %

Shares of NASDAQ:AMCX opened at $7.86 on Tuesday. The firm has a market capitalization of $342.40 million, a P/E ratio of 2.20 and a beta of 1.28. The stock has a 50 day moving average price of $8.81 and a 200-day moving average price of $11.02. AMC Networks has a 52-week low of $7.08 and a 52-week high of $20.97. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.28). The firm had revenue of $625.90 million during the quarter, compared to the consensus estimate of $601.41 million. AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.02 EPS. As a group, equities research analysts anticipate that AMC Networks will post 4.86 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Networks

Several large investors have recently added to or reduced their stakes in AMCX. Quarry LP boosted its holdings in shares of AMC Networks by 119.2% in the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after purchasing an additional 2,336 shares during the period. Innealta Capital LLC purchased a new position in AMC Networks during the second quarter worth $48,000. nVerses Capital LLC bought a new position in AMC Networks during the third quarter valued at $55,000. EntryPoint Capital LLC purchased a new stake in shares of AMC Networks in the first quarter valued at $60,000. Finally, EMC Capital Management lifted its holdings in shares of AMC Networks by 23.8% in the 1st quarter. EMC Capital Management now owns 7,792 shares of the company’s stock worth $95,000 after acquiring an additional 1,500 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

About AMC Networks

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.