Amc Networks Inc: Leon Cooperman’s Cooperman Leon G Makes Purchase

February 15, 2018 - By Darrin Black

 Amc Networks Inc: Leon Cooperman's Cooperman Leon G Makes Purchase

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.30, from 1.08 in 2017Q2. It is negative, as 21 investors sold AMC Networks Inc. 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.

Jpmorgan Chase & Company has 0.01% invested in AMC Networks Inc. (NASDAQ:AMCX) for 424,550 shares. Benjamin F Edwards And accumulated 2,426 shares. Hightower Advsrs Ltd Llc holds 0% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX) for 5,625 shares. 158,045 are owned by Martingale Asset Management L P. State Bank has invested 0.67% in AMC Networks Inc. (NASDAQ:AMCX). Davenport Limited Liability Corp owns 0.01% invested in AMC Networks Inc. (NASDAQ:AMCX) for 18,550 shares. New York State Teachers Retirement Systems owns 0.02% invested in AMC Networks Inc. (NASDAQ:AMCX) for 112,900 shares. Canada Pension Plan Inv Board reported 127,386 shares. First Manhattan reported 0% in AMC Networks Inc. (NASDAQ:AMCX). Panagora Asset Mngmt Incorporated invested in 0.04% or 163,152 shares. Ny State Common Retirement Fund holds 0.01% in AMC Networks Inc. (NASDAQ:AMCX) or 173,353 shares. The Connecticut-based Tudor Inv Et Al has invested 0.01% in AMC Networks Inc. (NASDAQ:AMCX). Quantitative Investment Mngmt reported 0.05% stake. Shapiro Mgmt Limited has 1.93 million shares for 2.57% of their portfolio. Blackrock reported 4.64M shares.

The New Leon Cooperman’s Cooperman Leon G Holding in Amc Networks Inc

Cooperman Leon G reported SC 13G/A form with the SEC for Amc Networks Inc. Access it here: 000094366318000069. As reported by Leon Cooperman’s Cooperman Leon G, the filler owns 5.73% or 2,885,028 shares of the Consumer Discretionary–company.

Amc Networks Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Leon Cooperman’s Cooperman Leon G’s positive view for Amc Networks Inc. For a hedge fund managing $12.65 billion in assets and having 38+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Leon Cooperman’s Cooperman Leon G’s portfolio is in the sector.

Amc Networks Inc Institutional Sentiment

Filings show 281 investors own Amc Networks Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 12272484. 71553867 were owned by these investors. 48 funds opened new Amc Networks Inc stakes, 107 increased positions. There were 30 that closed positions and 91 reduced them.

7 investors had the stock in their top 10. Some are: Fort L.P., S. Muoio & Co. Llc, Thompson Siegel & Walmsley Llc, Omega Advisors Inc…

World Asset Management Inc is an investor bullish on Amc Networks Inc, owning 2837 shares as of Q3 2015 for 0.01% of its portfolio. Veritable Lp owns 4354 shares or 0.01% of its portfolio. CA First Republic Investment Management Inc have 0.01% of its portfolio for 5919 shares. Further, Morgan Dempsey Capital Management Llc reported stake worth 0.02% of its portfolio. The NJ Condor Capital Management owns 10924 shares. Amc Networks Inc is 0.21% of its portfolio.

Business Profile

AMC Networks Inc. is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada. The International and Other segment includes AMC Networks International (AMCNI), the Company’s international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Company’s independent film distribution business; AMCNI- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing online content distribution initiatives. National Networks’ programming networks include AMC, WE tv, BBC AMERICA and SundanceTV.

SEC Form 13G.

Leon Cooperman’s Cooperman Leon G website.

Analysts await AMC Networks Inc. (NASDAQ:AMCX) to report earnings on February, 22. They expect $1.51 EPS, up 16.15 % or $0.21 from last year’s $1.3 per share. AMCX’s profit will be $93.42M for 8.84 P/E if the $1.51 EPS becomes a reality. After $1.68 actual EPS reported by AMC Networks Inc. for the previous quarter, Wall Street now forecasts -10.12 % negative EPS growth.

The stock increased 1.62% or $0.85 during the last trading session, reaching $53.39. About 208,770 shares traded. AMC Networks Inc. (NASDAQ:AMCX) has declined 17.50% since February 15, 2017 and is downtrending. It has underperformed by 34.20% the S&P500.

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 $3.30 billion. The firm operates in two divisions, National Networks; and International and Other. It has a 10.61 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.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Coverage

Among 24 analysts covering AMC Networks (NASDAQ:AMCX), 8 have Buy rating, 3 Sell and 13 Hold. Therefore 33% are positive. AMC Networks has $97 highest and $37 lowest target. $67.21’s average target is 25.88% above currents $53.39 stock price. AMC Networks had 62 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, January 31. The rating was maintained by Jefferies with “Hold” on Monday, July 10. The firm has “Hold” rating by Cowen & Co given on Tuesday, August 15. Loop Capital initiated the stock with “Hold” rating in Tuesday, August 9 report. Moffett Nathanson downgraded AMC Networks Inc. (NASDAQ:AMCX) on Wednesday, December 7 to “Sell” rating. As per Saturday, August 8, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Monday, December 19. TheStreet downgraded the stock to “Hold” rating in Tuesday, September 22 report. The firm has “Hold” rating by Topeka Capital Markets given on Monday, February 22. Pacific Crest downgraded the stock to “Sector Weight” rating in Thursday, October 20 report.

More important recent AMC Networks Inc. (NASDAQ:AMCX) news were published by: Bizjournals.com which released: “AMC invests in ‘Project Greenlight’ studio” on February 15, 2018, also Reuters.com published article titled: “Darabont files new lawsuit against AMC Networks over ‘The Walking Dead'”, Gurufocus.com published: “Leon Cooperman Buys AMC Networks Inc, Shire PLC, Parsley Energy Inc, Sells …” on February 14, 2018. More interesting news about AMC Networks Inc. (NASDAQ:AMCX) was released by: Globenewswire.com and their article: “AMC Networks to Report Full Year and Fourth Quarter 2017 Results” with publication date: January 18, 2018.

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