AMC Networks (NASDAQ:AMCX) PT Lowered to $30.00

July 24, 2022 tawas

AMC Networks (NASDAQ:AMCX – Get Score) had its value goal reduce by analysis analysts at Moffett Nathanson to $30.00 in a analysis word issued on Friday, Inventory Goal Advisor studies. Moffett Nathanson’s value goal would point out a possible draw back of seven.15% from the inventory’s present value.

AMCX has been the subject of quite a few different analysis studies. Morgan Stanley reduce their value goal on shares of AMC Networks from $40.00 to $35.00 in a analysis word on Monday, July 18th. Guggenheim dropped their value goal on shares of AMC Networks from $44.00 to $35.00 in a report on Friday, Could sixth. Lastly, StockNews.com downgraded shares of AMC Networks from a “purchase” score to a “maintain” score in a report on Friday, July 1st. Two analysts have rated the inventory with a promote score and 4 have given a maintain score to the inventory. In line with MarketBeat, AMC Networks has a consensus score of “Maintain” and a consensus goal value of $35.43.

AMC Networks Buying and selling Down 1.0 %

Shares of AMC Networks inventory opened at $32.31 on Friday. The corporate has a present ratio of 1.89, a fast ratio of 1.89 and a debt-to-equity ratio of two.86. AMC Networks has a 12-month low of $27.36 and a 12-month excessive of $56.04. The agency has a market capitalization of $1.37 billion, a price-to-earnings ratio of 5.25 and a beta of 1.07. The agency’s 50 day easy transferring common is $33.13 and its two-hundred day easy transferring common is $36.97.

AMC Networks (NASDAQ:AMCX – Get Score) final issued its quarterly earnings outcomes on Thursday, Could fifth. The corporate reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.39. AMC Networks had a internet margin of 8.64% and a return on fairness of 45.15%. The enterprise had income of $712.16 million for the quarter, in comparison with analyst estimates of $760.80 million. Throughout the identical quarter within the prior 12 months, the enterprise posted $2.98 EPS. AMC Networks’s income for the quarter was up 3.0% in comparison with the identical quarter final 12 months. Analysts predict that AMC Networks will put up 8.23 EPS for the present 12 months.

Institutional Buying and selling of AMC Networks

Numerous hedge funds have lately added to or diminished their stakes within the firm. Rhumbline Advisers lifted its holdings in AMC Networks by 0.5% in the course of the fourth quarter. Rhumbline Advisers now owns 86,048 shares of the corporate’s inventory valued at $2,963,000 after buying an extra 469 shares within the final quarter. Everence Capital Administration Inc. lifted its holdings in AMC Networks by 81.7% in the course of the fourth quarter. Everence Capital Administration Inc. now owns 7,960 shares of the corporate’s inventory valued at $274,000 after buying an extra 3,580 shares within the final quarter. Timelo Funding Administration Inc. bought a brand new place in AMC Networks in the course of the fourth quarter valued at $2,359,000. Qube Analysis & Applied sciences Ltd bought a brand new place in AMC Networks in the course of the fourth quarter valued at $992,000. Lastly, Denali Advisors LLC lifted its holdings in AMC Networks by 68,039.2% in the course of the first quarter. Denali Advisors LLC now owns 34,751 shares of the corporate’s inventory valued at $1,412,000 after buying an extra 34,700 shares within the final quarter. 78.02% of the inventory is owned by hedge funds and different institutional buyers.

AMC Networks Firm Profile

(Get Score)

AMC Networks Inc, an leisure firm, owns and operates a set of video leisure merchandise which can be delivered to audiences and a platform to distributors and advertisers in america and internationally. The corporate operates in two segments, Home Operations, and Worldwide and Different.

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