Leon Cooperman’s Cooperman Leon G Opened Huge Amc Networks Inc Position

February 15, 2018 - By Richard Conner

 Leon Cooperman's Cooperman Leon G Opened Huge Amc Networks Inc Position

Investors sentiment decreased to 0.78 in 2017 Q3. 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.

Da Davidson reported 0.02% in AMC Networks Inc. (NASDAQ:AMCX). Horizon Kinetics Ltd Co holds 1.29% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX) for 751,035 shares. Neuberger Berman Gru Limited Com has invested 0% in AMC Networks Inc. (NASDAQ:AMCX). State Of Tennessee Treasury Department owns 10,000 shares. Arizona State Retirement Systems holds 0.02% or 29,480 shares in its portfolio. Comml Bank holds 0.67% or 38,214 shares. 6,565 are held by First Republic Inv Management. 7,209 are held by Hutchin Hill Cap L P. D E Shaw & holds 0% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX) for 18,641 shares. Bankshares Of Mellon Corp accumulated 778,748 shares. New York-based Kynikos L P has invested 0.78% in AMC Networks Inc. (NASDAQ:AMCX). Canada Pension Plan Board holds 127,386 shares. Ajo L P accumulated 0.24% or 936,276 shares. 166,360 are held by Nordea Investment Management Ab. Fincl Engines Ltd Liability Co owns 9 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 earnings per share, 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 earnings per share 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 rating was maintained by Guggenheim on Tuesday, October 11 with “Buy”. Macquarie Research downgraded the stock to “Neutral” rating in Tuesday, January 2 report. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, October 31 report. As per Monday, December 19, the company rating was maintained by Stifel Nicolaus. The stock of AMC Networks Inc. (NASDAQ:AMCX) has “Buy” rating given on Thursday, September 24 by Evercore. JP Morgan maintained the stock with “Neutral” rating in Friday, August 5 report. The firm has “Hold” rating by TheStreet given on Tuesday, September 22. Stifel Nicolaus downgraded the shares of AMCX in report on Thursday, September 15 to “Hold” rating. The stock has “Sell” rating by UBS on Friday, July 15. The stock has “Hold” rating by Jefferies on Tuesday, April 5.

More important recent AMC Networks Inc. (NASDAQ:AMCX) news were published by: Globenewswire.com which released: “AMC Networks to Report Full Year and Fourth Quarter 2017 Results” on January 18, 2018, also Gurufocus.com published article titled: “Leon Cooperman Buys AMC Networks Inc, Shire PLC, Parsley Energy Inc, Sells …”, Reuters.com published: “Darabont files new lawsuit against AMC Networks over ‘The Walking Dead'” 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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