In today’s session AMC Networks Inc (AMCX) registered an unusually high (1,205) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AMCX increase. With 1,205 contracts traded and 22274 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AMCX161118C00055000 closed last at: $1.5 or 30.4% up. About 216,315 shares traded hands. AMC Networks Inc (NASDAQ:AMCX) has declined 18.20% since April 7, 2016 and is downtrending. It has underperformed by 22.98% the S&P500.
AMC Networks Inc (NASDAQ:AMCX) Ratings Coverage
Out of 19 analysts covering AMC Networks (NASDAQ:AMCX), 9 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 47% are positive. AMC Networks has been the topic of 39 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Albert Fried maintained AMC Networks Inc (NASDAQ:AMCX) on Wednesday, August 26 with “Buy” rating. Pacific Crest maintained AMC Networks Inc (NASDAQ:AMCX) rating on Sunday, August 9. Pacific Crest has “Overweight” rating and $83 price target. Piper Jaffray maintained AMC Networks Inc (NASDAQ:AMCX) on Friday, August 21 with “Overweight” rating. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, October 20. Albert Fried downgraded AMC Networks Inc (NASDAQ:AMCX) on Thursday, November 3 to “Underweight” rating. Jefferies maintained the shares of AMCX in a report on Friday, August 5 with “Hold” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Saturday, August 8. As per Tuesday, April 5, the company rating was initiated by Jefferies. The firm earned “Buy” rating on Friday, August 5 by Goldman Sachs. CLSA upgraded the stock to “Buy” rating in Monday, October 26 report.
According to Zacks Investment Research, “AMC Networks Inc. is engaged in producing programming and movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films. The AMC is a television network which focuses on the original programming and movie-based entertainment. IFC creates long and short-form content inspired by music, web, gaming, animation, news, and culture. The Sundance Channel is the television destination for independent-minded viewers. The WE tv is the women’s network specially devoted to the relationships during life’s defining moments. The IFC films consist of multiple brands that bring specialty films to the largest possible audience. AMC Networks Inc. is headquartered in New York, New York.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.26, from 1.27 in 2016Q1. The ratio dropped, as 49 funds sold all AMC Networks Inc shares owned while 90 reduced positions. 32 funds bought stakes while 109 increased positions. They now own 58.79 million shares or 5.50% less from 62.21 million shares in 2016Q1.
Bluemountain Mngmt Limited Com holds 0.01% or 10,611 shares in its portfolio. Kornitzer Cap Ks holds 0.15% of its portfolio in AMC Networks Inc (NASDAQ:AMCX) for 137,590 shares. Teacher Retirement Of Texas holds 0% or 8,529 shares in its portfolio. The Texas-based Dimensional Fund Advsr L P has invested 0.01% in AMC Networks Inc (NASDAQ:AMCX). Janus Capital Mgmt Ltd Liability Corp accumulated 98,803 shares or 0.01% of the stock. Moreover, Kbc Gp Nv has 0.07% invested in AMC Networks Inc (NASDAQ:AMCX) for 85,604 shares. Investec Asset Mgmt North America has 12,899 shares for 0.11% of their US portfolio. Zacks Management has 0.06% invested in the company for 31,797 shares. Fifth Third Commercial Bank has 0% invested in the company for 236 shares. Nuveen Asset Mgmt Lc reported 23,975 shares or 0.01% of all its holdings. Lord Abbett And Limited Liability Com last reported 819,348 shares in the company. Jpmorgan Chase &, a New York-based fund reported 62,832 shares. Johnson Investment Counsel Inc has 7,851 shares for 0.02% of their US portfolio. Thompson Siegel & Walmsley Ltd Co, a Virginia-based fund reported 471,461 shares. Citigroup last reported 13,361 shares in the company.
AMC Networks Inc. is a holding company, which conducts all of its activities through its subsidiaries. The company has a market cap of $3.52 billion. The Firm owns and operates entertainment businesses and assets. It has a 10.73 P/E ratio. The Firm operates through two divisions: National Networks, and International and Other.
AMCX Company Profile
AMC Networks Inc., incorporated on March 9, 2011, is a holding company, which conducts all of its activities through its subsidiaries. The Firm owns and operates entertainment businesses and assets. The Firm operates through two divisions: National Networks, and International and Other. The National Networks segment principally includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada. The International and Other segment principally 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.
More news for AMC Networks Inc (NASDAQ:AMCX) were recently published by: Fool.com, which released: “AMC Networks Inc. Earnings: Content Creation Pays Off” on November 04, 2016. Benzinga.com‘s article titled: “10 Stocks That Rallied Four Days, Then Sold Off Yesterday” and published on November 09, 2016 is yet another important article.
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