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.

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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.

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