Learn Why Leon Cooperman’s Cooperman Leon G Purchased Amc Networks Inc Stake?

February 15, 2018 - By Peter Erickson

 Learn Why Leon Cooperman's Cooperman Leon G Purchased Amc Networks Inc Stake?

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.30, from 1.08 in 2017Q2. It dropped, 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.

Lazard Asset Ltd has 0% invested in AMC Networks Inc. (NASDAQ:AMCX) for 14,678 shares. Martingale Asset Mngmt L P reported 158,045 shares or 0.12% of all its holdings. Barclays Public Limited Company owns 105,428 shares. Reliance Trust Of Delaware invested in 0.06% or 6,726 shares. Millennium Management stated it has 0.02% in AMC Networks Inc. (NASDAQ:AMCX). Kornitzer Mngmt Inc Ks has 0.03% invested in AMC Networks Inc. (NASDAQ:AMCX) for 28,919 shares. Dekabank Deutsche Girozentrale stated it has 0.03% in AMC Networks Inc. (NASDAQ:AMCX). Baystate Wealth Management Ltd holds 0% or 10 shares. Brandywine Inv Mngmt Limited Liability Co holds 179,592 shares or 0.07% of its portfolio. U S Inc reported 0.54% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Moreover, James Investment Research has 0.05% invested in AMC Networks Inc. (NASDAQ:AMCX) for 26,800 shares. Macquarie Grp Limited, a Australia-based fund reported 26,600 shares. Neuberger Berman Gru holds 0% in AMC Networks Inc. (NASDAQ:AMCX) or 10,651 shares. Matarin Limited Liability Corp owns 0.67% invested in AMC Networks Inc. (NASDAQ:AMCX) for 134,971 shares. North Star Investment reported 250 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 “Buy” rating by Evercore on Thursday, September 24. The firm has “Hold” rating by Topeka Capital Markets given on Thursday, September 3. The stock of AMC Networks Inc. (NASDAQ:AMCX) has “Overweight” rating given on Friday, August 21 by Piper Jaffray. Stifel Nicolaus downgraded the shares of AMCX in report on Thursday, September 15 to “Hold” rating. The firm has “Sell” rating given on Wednesday, December 7 by Moffett Nathanson. The company was maintained on Monday, December 19 by Stifel Nicolaus. The firm has “Hold” rating given on Tuesday, October 31 by Piper Jaffray. The rating was maintained by Topeka Capital Markets with “Hold” on Thursday, August 6. The firm earned “Outperform” rating on Thursday, October 6 by FBR Capital. The firm earned “Hold” rating on Tuesday, August 9 by Loop Capital.

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

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