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.

New info on Destiny 2 in the next issue of EDGE Magazine
Destiny 2 is set to launch on September 6, 2017 for PlayStation 4 and Xbox One, with a PC release scheduled for October 24, 2017. In the final game they will explode, damaging all enemies in a certain radius.


Eugène Lapierre: "Denis Shapovalov n'a rien à perdre"
En finale dimanche, deux générations du tennis vont s'affronter mais pour Federer - 36 ans depuis mardi -, l'objectif est clair. Actuellement au 143e rang, Shapovalov deviendra le plus jeune joueur dans le top 100 du circuit professionnel.


Jose Mourinho Won't Cry Over Having to Settle for Three New Players
United will open their 2017-18 Premier League campaign with a home date against West Ham on Sunday. Mourinho said: "I think everybody is in Europe".


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.

Conseillé:

  • Former champion Sharapova withdraws from Cincinnati

    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.
    Himachal Pradesh: Seven people killed after landslide hits Mandi

    Himachal Pradesh: Seven people killed after landslide hits Mandi

    A search and rescue operation is on involving local authorities, the Army and the National Disaster Response Force. Himachal Transport minister GS Bali said the toll could climb to 50 in the incident which took place last night.
    Victory despite 'toughest hurdles': JD(U)'s Sharad Yadav congratulates Congress leader Ahmed Patel

    Victory despite 'toughest hurdles': JD(U)'s Sharad Yadav congratulates Congress leader Ahmed Patel

    However Chhotubhai Vasava told PTI that he voted for Ahmed Patel as the BJP had done very little for the tribals. And he indicated he was happy about that EC decision despite the fact that his party, the JD (U), is a BJP ally.
  • Jets trying to build Christian Hackenberg's confidence

    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.

    Man dies after crash on Naas Road in Dublin

    Commuters are facing major traffic delays with tailbacks being reported at Newlands Cross. The road was closed for a Garda forensic examination, but it has since reopened.
    South Korea Says US Promises Coordination in Standoff With North

    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".
  • Cadence Bancorp (CADE) Given Consensus Recommendation of "Buy" by Analysts

    Finally, Principal Financial Group Inc. bought a new position in Triumph Bancorp during the second quarter worth $218,000. Russell Investments Group Ltd. purchased a new position in Cadence Bancorp during the second quarter valued at $198,000.
    President Buhari receives his Media Team in London

    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.
    New UCSD Research Suggests Life on Other Planets

    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.
  • Highlights of Saturday's third round at the PGA Championship

    Highlights of Saturday's third round at the PGA Championship

    Scott is skipping the first two playoffs events to be with wife Marie as the couple welcome their second child due on August 19. But the last two weeks his putting has looked stronger with only 54 total putts thus far in the PGA Championship .
    Bruno Mars Donates $1 Million to Flint Water Crisis

    Bruno Mars Donates $1 Million to Flint Water Crisis

    Bruno Mars is donating $1 million from his MI concert to aid those affected by the Flint water crisis. It stops at the Forum for a stretch of shows in early November and stretches till next summer.

    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.


Populaire

State Of Emergency Declared In US After Riots At White Supremacist Rally
Trump made no reply to a reporter's shouted question whether he had spoken out strongly enough against white nationalists. President - we must call evil by its name". "I am heartbroken that a life has been lost here", said Singer on Twitter .

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.

Military option for Venezuela on the table
"As Minister of Defense and as a citizen I say this is a insane act, an act of supreme extremism", CNN quoted Padrino as saying. Venezuela was "a mess, a very risky mess and a sad situation", Trump said, adding that people there were suffering and dying.

Taylor Swift's groping trial draws attention to hidden outrage
He's seeking up to $ 3 million , saying the allegation cost him his job and reputation. Andrea said that she felt like throwing up when she heard about the assault.

Latin America closes ranks after Trump threatens to use military in Venezuela
The statement said: "Trump will gladly speak with the leader of Venezuela as soon as democracy is restored in that country". Senator Ben Sasse criticized Trump on Friday night for the president's remarks made earlier in the day in New Jersey.

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.

Netflix Sets Premiere Date For The Crown Season Two
The series will also cover the birth of their other children, Princes Andrew and Edward. Check out the trailer for the second season below.

HSBC Upgrades Rating On Royal Bank of Scotland Group Pl (RBS)
HPM Partners LLC purchased a new stake in shares of Royal Bank Scotland PLC (The ) during the first quarter valued at $166,000. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company.

Marshawn Lynch sits during national anthem
Kaepernick opted out of his contract with the San Francisco 49ers after the season, but hasn't yet been signed by another team. Jack Del Rio told reporters after the preseason game that he didn't know Lynch was planning on sitting.