What’s in AMC Networks Inc. (AMCX) After Making 52-Week High?

June 17, 2018 - By Marie Mckinney

AMC Networks Inc. (NASDAQ:AMCX) Logo

Investors sentiment decreased to 0.76 in Q1 2018. Its down 0.07, from 0.83 in 2017Q4. It worsened, as 32 investors sold AMC Networks Inc. shares while 111 reduced holdings. 36 funds opened positions while 73 raised stakes. 49.56 million shares or 7.37% less from 53.51 million shares in 2017Q4 were reported.
Public Employees Retirement Systems Of Ohio holds 0.01% or 43,092 shares. Bnp Paribas Asset Management Sa stated it has 0.01% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Texas Permanent School Fund invested 0.02% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). State Common Retirement Fund accumulated 114,769 shares. Moreover, First Tru Advsrs Lp has 0% invested in AMC Networks Inc. (NASDAQ:AMCX) for 41,865 shares. Joel Isaacson Lc has invested 0.06% in AMC Networks Inc. (NASDAQ:AMCX). Da Davidson And holds 0.02% or 15,517 shares in its portfolio. The Switzerland-based Swiss Bankshares has invested 0.01% in AMC Networks Inc. (NASDAQ:AMCX). Nomura Holdg holds 0% or 6,524 shares. S Muoio And Commerce invested in 126,788 shares or 3.57% of the stock. Hsbc Public Limited Com reported 5,148 shares stake. New Vernon Ii Ltd Liability has 0.33% invested in AMC Networks Inc. (NASDAQ:AMCX). Pinnacle Associate Ltd accumulated 587,289 shares. Amundi Pioneer Asset Mgmt holds 15,717 shares. First Personal Financial Svcs holds 0% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX) for 6 shares.

Since May 17, 2018, it had 0 insider buys, and 1 insider sale for $230,040 activity.

The stock of AMC Networks Inc. (NASDAQ:AMCX) hit a new 52-week high and has $69.85 target or 3.00 % above today’s $67.82 share price. The 5 months bullish chart indicates low risk for the $3.90B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $69.85 price target is reached, the company will be worth $116.91M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.41% or $0.28 during the last trading session, reaching $67.82. About 1.89 million shares traded or 148.48% up from the average. AMC Networks Inc. (NASDAQ:AMCX) has risen 12.09% since June 17, 2017 and is uptrending. It has underperformed by 0.48% the S&P500.

Analysts await AMC Networks Inc. (NASDAQ:AMCX) to report earnings on August, 2. They expect $1.96 earnings per share, up 4.26 % or $0.08 from last year’s $1.88 per share. AMCX’s profit will be $112.62 million for 8.65 P/E if the $1.96 EPS becomes a reality. After $2.65 actual earnings per share reported by AMC Networks Inc. for the previous quarter, Wall Street now forecasts -26.04 % negative EPS growth.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Coverage

Among 7 analysts covering AMC Networks (NASDAQ:AMCX), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. AMC Networks has $63.0 highest and $54.0 lowest target. $57.75’s average target is -14.85% below currents $67.82 stock price. AMC Networks had 7 analyst reports since January 2, 2018 according to SRatingsIntel. The stock has “Neutral” rating by Moffett Nathanson on Tuesday, February 20. The stock of AMC Networks Inc. (NASDAQ:AMCX) has “In-Line” rating given on Friday, May 11 by Evercore. The firm earned “Equal-Weight” rating on Wednesday, January 31 by Morgan Stanley. The firm has “Hold” rating by Guggenheim given on Thursday, March 1. Cowen & Co maintained the stock with “Hold” rating in Monday, February 5 report. The firm has “Neutral” rating by Macquarie Research given on Tuesday, January 2.

More news for AMC Networks Inc. (NASDAQ:AMCX) were recently published by: Seekingalpha.com, which released: “AMC Networks adds $500M to its existing repurchase authorization” on June 13, 2018. Finance.Yahoo.com‘s article titled: “With or Without Time Warner, AT&T Stock Isn’t Worth Buying” and published on June 13, 2018 is yet another important article.

AMC Networks Inc. owns and operates various cable television'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 $3.90 billion. The firm operates in two divisions, National Networks; and International and Other. It has a 8.81 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 Chart

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