Omega Advisors Inc Increased Amc Networks Inc (NASDAQ:AMCX) Stake by $82.70 Million

February 23, 2018 - By Dolores Ford

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.30, from 1.08 in 2017Q2. It fall, as 21 investors sold AMCX shares while 120 reduced holdings. 35 funds opened positions while 75 raised stakes. 53.08 million shares or 0.39% less from 53.29 million shares in 2017Q2 were reported. Covington Capital Mgmt holds 0% or 51 shares in its portfolio. Prudential Public Ltd Com holds 0.02% or 100,000 shares. 27,067 are held by Amp Cap Limited. Alexandria Cap Limited Com holds 6 shares. Cornerstone Advisors accumulated 75 shares. Voya Inv Management Limited Liability Co holds 0% in AMC Networks Inc. (NASDAQ:AMCX) or 20,490 shares. Blackrock Incorporated stated it has 0.01% in AMC Networks Inc. (NASDAQ:AMCX). Apg Asset Management Nv has 0.01% invested in AMC Networks Inc. (NASDAQ:AMCX) for 108,400 shares. Contravisory Investment Mgmt accumulated 15 shares. United Kingdom-based Rwc Asset Management Ltd Liability Partnership has invested 0.19% in AMC Networks Inc. (NASDAQ:AMCX). Massachusetts-based Geode Cap Mgmt Limited Co has invested 0.01% in AMC Networks Inc. (NASDAQ:AMCX). Huntington Bank owns 159 shares. Advantus Mgmt holds 6,597 shares. Ing Groep Nv invested 0.01% in AMC Networks Inc. (NASDAQ:AMCX). M&T Comml Bank Corp has invested 0% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX).

Leon Cooperman increased its stake in Amc Networks Inc (NASDAQ:AMCX) by 113.15% based on its latest 2017Q4 regulatory filing with the SEC. Omega Advisors Inc bought 1.53M shares as the company’s stock declined 4.67% while stock markets rallied. The hedge fund run by Leon Cooperman held 2.89 million shares of the television services company at the end of 2017Q4, valued at $156.02M, up from 1.35M at the end of the previous reported quarter. Omega Advisors Inc who had been investing in Amc Networks Inc for a number of months, seems to be bullish on the $3.18 billion market cap company. The stock decreased 1.44% or $0.75 during the last trading session, reaching $51.47. About 489,798 shares traded. AMC Networks Inc. (NASDAQ:AMCX) has declined 17.50% since February 23, 2017 and is downtrending. It has underperformed by 34.20% the S&P500.

As the son of a plumber, living in the South Bronx area, Leon Cooperman worked his way through college as a Xerox quality control engineer. Once finishing his experience at Hunter College in the mid-60’s, Cooperman, received his MBA through Columbia’s Business School. Shortly after, Cooperman was invited on board Goldman Sachs, where he worked, conducting investment research. It wasn’t long before Cooperman’s talent was put to use as a partner and CEO of Asset Management through Goldman Sachs. Cooperman gave 25 years to Goldman Sachs before he retired in 1991. From there, Cooperman couldn’t stay out of the game. Later that year, Coopeman founded the Omega Advisor in NYC. Omega Advisors Inc is a New York-based hedge fund that was founded by Leon Cooperman. It had more than $12.65 billion assets under management in April, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Omega Advisors latest Adv, the fund reported to have 38 full and part-time employees. Among which 21 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Coverage

Among 24 analysts covering AMC Networks (NASDAQ:AMCX), 8 have Buy rating, 2 Sell and 14 Hold. Therefore 33% are positive. AMC Networks had 63 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of AMC Networks Inc. (NASDAQ:AMCX) earned “Hold” rating by KeyBanc Capital Markets on Monday, October 16. Pacific Crest maintained AMC Networks Inc. (NASDAQ:AMCX) rating on Sunday, August 9. Pacific Crest has “Overweight” rating and $83 target. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, July 20. Morgan Stanley maintained the shares of AMCX in report on Wednesday, January 31 with “Equal-Weight” rating. The company was upgraded on Tuesday, April 26 by Macquarie Research. UBS downgraded the stock to “Sell” rating in Friday, July 15 report. Loop Capital maintained AMC Networks Inc. (NASDAQ:AMCX) on Friday, November 3 with “Hold” rating. On Monday, August 3 the stock rating was upgraded by Morgan Stanley to “Overweight”. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, October 31. As per Thursday, September 15, the company rating was downgraded by Stifel Nicolaus.

AMC Networks Inc. owns and operates various cable televisionÂ’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company has market cap of $3.18 billion. The firm operates in two divisions, National Networks; and International and Other. It has a 10.23 P/E ratio. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

More news for AMC Networks Inc. (NASDAQ:AMCX) were recently published by: Zacks.com, which released: “Should Value Investors Consider AMC Networks (AMCX) Stock?” on February 16, 2018. Globenewswire.com‘s article titled: “AMC Networks to Participate in Deutsche Bank Media, Telecom & Business …” and published on February 21, 2018 is yet another important article.

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