Oakbrook Investments LLC Invests $237000 in AMC Networks Inc. (NASDAQ:AMCX)

13 Août, 2017, 10:43 | Author: Marc Bacque

Wrapmanager Inc. bought a new stake in AMC Networks during the first quarter worth $233,000. (NASDAQ:AMCX) by 21.6% during the second quarter, according to its most recent 13F filing with the SEC. Janney Montgomery Scott LLC's holdings in AMC Networks were worth $1,143,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Clark Estates Inc acquired 10,000 shares as Amc Networks Inc (AMCX)'s stock declined 4.67%. BlackRock Inc. now owns 5,048,490 shares of the company's stock valued at $296,245,000 after buying an additional 4,922,108 shares during the period. 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 valued at $234,000 after buying an additional 167 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of AMC Networks during the first quarter worth $194,000. Thrivent Financial For Lutherans now owns 10,497 shares of the company's stock worth $616,000 after buying an additional 370 shares during the period. Finally, LS Investment Advisors LLC increased its position in shares of AMC Networks by 15.0% in the second quarter. Finally, Louisiana State Employees Retirement System raised its stake in AMC Networks by 1.4% in the second quarter. The institutional investor owned 21,399 shares of the company's stock after buying an additional 2,244 shares during the period.

AMC Networks Inc. has a one year low of $46.17 and a one year high of $67.61. (NASDAQ AMCX) traded up 0.80% on Friday, hitting $61.42.

The company is so far trading down by -1.74 percent from yesterday's close. The stock has a market cap of $3.90 billion, a P/E ratio of 13.42 and a beta of 1.06. It is now trading at $61.11 a tad above $58.47, the 50 day moving average and just a bit higher than the 200 day moving average of $57.32.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.47. The business had revenue of $710.55 million for the quarter, compared to analysts' expectations of $715.23 million. AMC Networks had a return on equity of 683.16% and a net margin of 11.40%. The firm's revenue was up 3.8% compared to the same quarter past year. During the same quarter previous year, the business posted $1.15 EPS. This repurchase authorization authorizes the company to reacquire up to 13.9% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This article was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this article on another website, it was illegally stolen and republished in violation of global copyright and trademark laws. The legal version of this story can be viewed at https://www.com-unik.info/2017/08/12/amc-networks-inc-nasdaqamcx-stake-reduced-by-algert-global-llc.html.

China's vice premier Wang Yang to visit Pakistan for Independence Day celebrations
India has protested the move, saying China was unilaterally changing the status quo at the trijunction with Bhutan. From Pakistan, Wang would head to Nepal, Chinese foreign ministry spokesperson Geng Shuang announced in Beijing.

Cedar Realty Trust, Inc. (NYSE:CDR) Lose Value For the Week
BidaskClub raised Digital Realty Trust from a "hold" rating to a "buy" rating in a research note on Saturday, June 24th. Robeco Institutional Asset Management sold 15,117 shares as Federal Realty Invt Tr (FRT)'s stock declined 10.71%.

Argentina revoca condecoración a Maduro
En este sentido, las autoridades argentinas consideran que esta condecoración debe ser otorgada "exclusivamente" a dirigentes que, "en el ejercicio de sus funciones, merezcan en alto grado el honor y reconocimiento de la República".

AMCX has been the topic of a number of recent research reports.

Martingale Asset Management L P bolstered its position by buying 99,531 shares an increase of 123.5% as of 06/30/2017. Zacks Investment Research cut AMC Networks from a "buy" rating to a "hold" rating in a research note on Friday, April 14th. BidaskClub raised AMC Networks from a "buy" rating to a "strong-buy" rating in a research note on Monday, July 31st. Moffett Nathanson reaffirmed a "sell" rating on shares of AMC Networks in a research note on Friday, June 9th.

Among 10 analysts covering Unum Group (NYSE:UNM), 2 have Buy rating, 3 Sell and 5 Hold. $297.65's average target is -18.18% below currents $363.8 stock price.

In taking a look at technical levels, AMC Networks Inc.

Rwc Asset Management Llp decreased Live Nation Entertainment In (Prn) stake by 2.00M shares to 7.05M valued at $7.55 million in 2016Q4. The Firm operates through two divisions: Hospitality and Government. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

A number of hedge funds have recently added to or reduced their stakes in the stock.



Former champion Sharapova withdraws from Cincinnati
An ongoing left arm injury has forced former World No. 1 Maria Sharapova to withdraw from the Western and Southern Open . She had not played in the U.S. since March of 2015 due in part to a 15-month doping suspension for the use of meldonium.

Jets trying to build Christian Hackenberg's confidence
The kid's got to get a chance to play and make some mistakes and grow from it and come back from adversity and make good plays. All in all, considering the lack of talent on the field with Hackenberg, it was an inconclusive game.

Garcia évoque la rumeur Milik — OM
L'attaquant polonais du Napoli serait ciblé par l'OM, qui aura toutefois bien du mal à parvenir à ses fins. Il reste un peu moins de 3 semaines à l'OM pour trouver la perle rare à ce poste.

Barcelona residents protest unchecked growth of mass tourism
About one hundred activists gathered on the Barcelona beach to show discontent with the increasing arrivals of tourists. Spain has recorded a 12-percent increase in the number of tourist arrivals in the first six months of 2017.

L'île de Guam au cœur des tensions entre les États-Unis et la Corée du Nord
Des voix s'élèvent régulièrement pour demander un référendum d'autodétermination, rejeté par la justice fédérale américaine. Si le venin de ce serpent n'est pas mortel pour l'homme, il a déjà détruit de nombreuses espèces d'oiseaux et de lézards.

President Buhari receives his Media Team in London
However, ministers, governors and other officials of the government have paid him visits in London, in apparent moves to try to calm the fears about his health.

Cuts Position in AMERISAFE, Inc. (AMSF)
The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Finally, Norges Bank bought a new position in shares of AMERISAFE during the fourth quarter valued at approximately $10,326,000.

New UCSD Research Suggests Life on Other Planets
While they may have honed in on its age, the scientists haven't yet figured out what this means for its potential to support life. The researchers point to Mars as a similar example, in our own solar system, that has experienced this type of stripping.

South Korea Says US Promises Coordination in Standoff With North
Photo by Robert Hicks/Handout via REUTERS . "And there are cases where they (have) made a specific threat and carried it out". Pacific territory of Guam with missiles that could be implemented "in a multi-current and consecutive way any moment".

Antonio Conte : I never wanted Matic to leave Chelsea for United
The Blues open their EPL campaign with a home clash against Burnley on Saturday. And for us it's important because it can be very offensive this formation.