AMC Networks (AMCX) Earning Somewhat Positive Media Coverage, Study Finds

Marco Green
September 12, 2017

Quantitative Systematic Strategies LLC bought a new stake in shares of AMC Networks during the second quarter valued at $225,000. Wrapmanager Inc. now owns 4,102 shares of the company's stock valued at $219,000 after purchasing an additional 128 shares during the last quarter. AMC Networks has a 1-year low of $46.17 and a 1-year high of $67.61. (AMCX) has a market cap of $3.63 billion and over the last 12 months, AMC Networks Inc. It has underperformed by 49.36% the S&P500. (AMCX) stake by 24.25% reported in 2016Q4 SEC filing.

Investors are more bullish on shares of the company considering the decrease in short interest. SG Americas Securities LLC now owns 20,608 shares of the company's stock valued at $1,101,000 after purchasing an additional 3,894 shares during the last quarter. The average 1-year price target for (CMC) reveals an average price target of $19.9 per share. AllianceBernstein Holding LP (NYSE:AB) has declined 7.46% since September 11, 2016 and is downtrending. It has outperformed by 41.94% the S&P500. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock of Sibanye Gold Ltd (ADR) (NYSE:SBGL) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, December 1. The stock has "Equal-Weight" rating by Morgan Stanley on Thursday, October 6. The rating was upgraded by Robert W. Baird on Tuesday, August 25 to "Neutral".

Gmt Capital Corp increased Ftd Companies Inc. The firm has "Hold" rating by KeyBanc Capital Markets given on Friday, August 25. The firm has "Hold" rating by Loop Capital given on Tuesday, August 9.

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.03, from 1.15 in 2016Q3. Moreover, Joel Isaacson Llc has 0.01% invested in AllianceBernstein Holding LP (NYSE:AB) for 1,307 shares. 207 funds opened positions while 479 raised stakes. Dekabank Deutsche Girozentrale, Germany-based fund reported 3.55M shares. Citigroup has 14,036 shares for 0% of their portfolio. Ftb Advsr owns 222 shares. Panagora Asset Mgmt reported 188,533 shares stake. Lpl Limited Company, a California-based fund reported 40,911 shares. Oppenheimer Asset Management Inc. purchased a new position in shares of AMC Networks during the first quarter valued at $194,000. Rhumbline Advisers owns 121,515 shares or 0.02% of their United States portfolio.

Investors sentiment increased to 1.05 in Q4 2016. Its down 0.07, from 0.89 in 2016Q3. It fall, as 38 investors sold AMCX shares while 97 reduced holdings. 23,284 were reported by Amp.

AMC Networks Inc. (AMCX) surprised the stock market in its last reported earnings when it earned $1.88 a piece versus the consensus-estimated $1.41. World Asset Management Inc boosted its position in AMC Networks by 0.3% during the second quarter. The International and Other segment principally includes AMC Networks International (AMCNI), the Business'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 Business's independent film distribution business; AMC Networks International- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing online content distribution initiatives. Aqr Cap Management Lc holds 0.02% or 284,048 shares. The stock kicked off the session at $59 and later approached $57.14 with a change of -2.87%. The stock of AMC Networks Inc (NASDAQ:AMCX) has "Buy" rating given on Monday, October 26 by CLSA. The 14-day RSI is now sitting at 32.63, the 7-day is at 20.57, and the 3-day is spotted at 10.78 for AMC Networks Inc (AMCX). Airain Limited accumulated 0.04% or 9,223 shares.

AMC Networks declared that its Board of Directors has authorized a stock buyback plan on Wednesday, June 7th that authorizes the company to repurchase $500.00 million in shares. 3,820 were reported by Greenwood Limited Liability Com. Finally, Zacks Investment Research lowered shares of AMC Networks from a "hold" rating to a "sell" rating in a research note on Monday, January 9th. Therefore 33% are positive. AMC Networks had 48 analyst reports since August 3, 2015 according to SRatingsIntel. The company was downgraded on Friday, July 15 by UBS. As per Thursday, November 12, the company rating was maintained by Topeka Capital Markets. The rating was maintained by Albert Fried with "Overweight" on Friday, August 7. Keefe Bruyette & Woods maintained it with "Buy" rating and $2800 target in Thursday, July 27 report. The company was upgraded on Monday, October 26 by Credit Agricole. Jefferies initiated the shares of AMCX in report on Tuesday, April 5 with "Hold" rating. On Monday, March 20 the insider Gallagher James sold $235,000.

Alps Advisors Inc decreased Nucor Corp (NYSE:NUE) stake by 654,959 shares to 4,558 valued at $271,000 in 2016Q4. It also reduced Ishares Tr (Call) (IWM) stake by 10,000 shares and now owns 60,000 shares.

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