Time to Buy AMC Networks Inc (AMCX) After Today’s Big Increase?

September 17, 2017 - By Linda Rogers

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.05, from 1.01 in 2016Q3. It dropped, as 38 investors sold AMC Networks Inc shares while 97 reduced holdings. 50 funds opened positions while 79 raised stakes. 54.91 million shares or 2.16% less from 56.12 million shares in 2016Q3 were reported.
Oppenheimer And owns 7,200 shares for 0.01% of their portfolio. Vanguard Incorporated stated it has 4.45 million shares. South Dakota Inv Council reported 0.14% stake. 297 were accumulated by Weaver C Barksdale And Associates. Moreover, Clinton Inc has 0.24% invested in AMC Networks Inc (NASDAQ:AMCX). Millennium Lc invested in 0.03% or 231,824 shares. Carroll Assocs stated it has 0% in AMC Networks Inc (NASDAQ:AMCX). Schroder Inv Mgmt Group accumulated 0.01% or 107,400 shares. Gotham Asset Ltd Liability Company holds 0.24% or 358,926 shares. Marshall Wace Limited Liability Partnership has 10,252 shares. Fort L P reported 2.77% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). Utah Retirement invested in 0.01% or 10,816 shares. Citadel Advisors Ltd Liability, Illinois-based fund reported 201,786 shares. Jane Street Gp Llc, a New York-based fund reported 5,453 shares. Calvert Mgmt stated it has 4,813 shares.

The stock of AMC Networks Inc (NASDAQ:AMCX) is a huge mover today! The stock increased 3.81% or $2.18 on September 15, reaching $59.42. About 1.22 million shares traded or 90.00% up from the average. AMC Networks Inc (NASDAQ:AMCX) has declined 17.50% since September 17, 2016 and is downtrending. It has underperformed by 34.20% the S&P500.
The move comes after 9 months positive chart setup for the $3.78 billion company. It was reported on Sep, 17 by Barchart.com. We have $61.80 PT which if reached, will make NASDAQ:AMCX worth $151.20M more.

Analysts expect AMC Networks Inc (NASDAQ:AMCX) to report $1.14 EPS on November, 2.They anticipate $0.13 EPS change or 12.87 % from last quarter’s $1.01 EPS. AMCX’s profit would be $72.52M giving it 13.03 P/E if the $1.14 EPS is correct. After having $1.88 EPS previously, AMC Networks Inc’s analysts see -39.36 % EPS growth.

AMC Networks Inc (NASDAQ:AMCX) Ratings Coverage

Among 22 analysts covering AMC Networks (NASDAQ:AMCX), 10 have Buy rating, 3 Sell and 9 Hold. Therefore 45% are positive. AMC Networks had 49 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, October 26 by CLSA. The stock has “Hold” rating by Jefferies on Tuesday, April 5. On Thursday, September 3 the stock rating was maintained by Topeka Capital Markets with “Hold”. The rating was upgraded by Credit Agricole to “Buy” on Monday, October 26. The firm earned “Buy” rating on Friday, February 24 by Stifel Nicolaus. Piper Jaffray maintained AMC Networks Inc (NASDAQ:AMCX) on Friday, August 21 with “Overweight” rating. The stock of AMC Networks Inc (NASDAQ:AMCX) has “Outperform” rating given on Tuesday, April 26 by Macquarie Research. The company was maintained on Friday, August 5 by JP Morgan. Jefferies maintained AMC Networks Inc (NASDAQ:AMCX) rating on Monday, September 11. Jefferies has “Hold” rating and $65.0 target. Evercore upgraded AMC Networks Inc (NASDAQ:AMCX) rating on Thursday, September 24. Evercore has “Buy” rating and $90 target.

More important recent AMC Networks Inc (NASDAQ:AMCX) news were published by: Gurufocus.com which released: “AMC Networks Is Good for a Double” on August 31, 2017, also Seekingalpha.com published article titled: “Media stocks slip alongside updates from Disney, Comcast”, Seekingalpha.com published: “Media companies band together for sports-free streaming” on September 11, 2017. More interesting news about AMC Networks Inc (NASDAQ:AMCX) was released by: Zacks.com and their article: “Is AMC Networks Inc. (AMCX) a Great Stock for Value Investors?” with publication date: September 04, 2017.

AMC Networks Inc. is a holding company, which conducts all of its activities through its subsidiaries. The company has market cap of $3.78 billion. The Firm owns and operates entertainment businesses and assets. It has a 12.84 P/E ratio. It operates through two divisions: National Networks, and International and Other.

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