Is Buying AMC Networks Inc (AMCX) Here a Winning Strategy?

September 17, 2017 - By Nellie Frank

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.05, from 1.01 in 2016Q3. It fall, 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.
Commercial Bank Of New York Mellon, a New York-based fund reported 671,295 shares. Fort L P reported 187,933 shares. Hutchin Hill Limited Partnership accumulated 79,900 shares. Schroder Inv Mngmt Gp owns 107,400 shares. Amer National Bank holds 0.46% or 27,026 shares. Jpmorgan Chase And invested in 89,784 shares or 0% of the stock. Blackrock Inc reported 0.01% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). Moreover, State Teachers Retirement System has 0.02% invested in AMC Networks Inc (NASDAQ:AMCX) for 110,000 shares. Point72 Asset Mgmt L P has 168,700 shares for 0.06% of their portfolio. Credit Agricole S A holds 0% in AMC Networks Inc (NASDAQ:AMCX) or 15,460 shares. Hsbc Holdg Public Limited Liability Corp holds 4,040 shares. Moreover, Rhumbline Advisers has 0.02% invested in AMC Networks Inc (NASDAQ:AMCX). Numeric Investors Ltd Liability Corporation reported 0.02% in AMC Networks Inc (NASDAQ:AMCX). Pacad Inv invested in 2,700 shares or 0.02% of the stock. 21,472 are held by Oregon Public Employees Retirement Fund.

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.

Investors wait AMC Networks Inc (NASDAQ:AMCX) to report on November, 2. its quarterly earnings Wall Street analysts expect $1.14 earnings per share, up $0.13 or 12.87 % from last year’s $1.01 same quarter earnings. This translates into $72.52 million profit for AMCX giving the stock a 13.03 P/E. This is assuming the current $1.14 EPS is accurate. AMC Networks Inc’s Wall Street analysts see -39.36 % negative EPS growth, taking into account the $1.88 EPS reproted in the previous quarter,

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. As per Monday, July 11, the company rating was maintained by Jefferies. The rating was upgraded by Credit Agricole on Monday, October 26 to “Buy”. Stifel Nicolaus downgraded the shares of AMCX in report on Thursday, September 15 to “Hold” rating. The stock has “Sell” rating by Moffett Nathanson on Wednesday, December 7. The stock of AMC Networks Inc (NASDAQ:AMCX) earned “Buy” rating by Stifel Nicolaus on Saturday, August 8. The stock has “Hold” rating by Stifel Nicolaus on Monday, December 19. The rating was upgraded by Evercore on Thursday, September 24 to “Buy”. The stock of AMC Networks Inc (NASDAQ:AMCX) earned “Hold” rating by JP Morgan on Monday, August 10. The company was maintained on Monday, July 10 by Jefferies. JP Morgan maintained it with “Neutral” rating and $62 target in Friday, August 5 report.

More important recent AMC Networks Inc (NASDAQ:AMCX) news were published by: Seekingalpha.com which released: “Media companies band together for sports-free streaming” on September 11, 2017, also Gurufocus.com published article titled: “AMC Networks Is Good for a Double”, Zacks.com published: “Is AMC Networks Inc. (AMCX) a Great Stock for Value Investors?” on September 04, 2017. More interesting news about AMC Networks Inc (NASDAQ:AMCX) was released by: Seekingalpha.com and their article: “Media stocks slip alongside updates from Disney, Comcast” with publication date: September 07, 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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