Amc Networks Inc Q2 2018 Institutional Investor Sentiment Worse Than Expected

October 2, 2018 - By Ellis Scott

AMC Networks Inc. (NASDAQ:AMCX) Logo

Sentiment for Amc Networks Inc (NASDAQ:AMCX)

Amc Networks Inc (NASDAQ:AMCX) institutional sentiment decreased to 0.68 in 2018 Q2. Its down -0.08, from 0.76 in 2018Q1. The ratio has worsened, as 112 investment managers started new and increased positions, while 164 sold and decreased equity positions in Amc Networks Inc. The investment managers in our partner’s database now have: 47.59 million shares, down from 49.56 million shares in 2018Q1. Also, the number of investment managers holding Amc Networks Inc in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 37 Reduced: 127 Increased: 56 New Position: 56.

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 $3.76 billion. The firm operates in two divisions, National Networks; and International and Other. It has a 8.23 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.

The stock decreased 0.50% or $0.33 during the last trading session, reaching $66.01. About 1.12M shares traded or 99.78% up from the average. AMC Networks Inc. (NASDAQ:AMCX) has risen 13.87% since October 2, 2017 and is uptrending. It has underperformed by 1.75% the S&P500.

Analysts await AMC Networks Inc. (NASDAQ:AMCX) to report earnings on November, 1. They expect $1.84 EPS, up 9.52 % or $0.16 from last year’s $1.68 per share. AMCX’s profit will be $104.75M for 8.97 P/E if the $1.84 EPS becomes a reality. After $1.93 actual EPS reported by AMC Networks Inc. for the previous quarter, Wall Street now forecasts -4.66 % negative EPS growth.

Omega Advisors Inc. holds 5.94% of its portfolio in AMC Networks Inc. for 2.74 million shares. S. Muoio & Co. Llc owns 92,288 shares or 3.53% of their US portfolio. Moreover, Delphi Management Inc Ma has 1.29% invested in the company for 34,642 shares. The New York-based Capital Management Associates Ny has invested 1.22% in the stock. Origin Asset Management Llp, a United Kingdom-based fund reported 252,800 shares.

Since January 1, 0001, it had 0 insider purchases, and 3 insider sales for $1.16 million activity.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Coverage

Ratings analysis reveals 0 of AMC Networks’s analysts are positive. Out of 4 Wall Street analysts rating AMC Networks, 0 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $65 while the high is $7000. The stock’s average target of $67.50 is 2.26% above today’s ($66.01) share price. AMCX was included in 4 notes of analysts from May 11, 2018. The rating was downgraded by Bernstein on Thursday, June 21 to “Underperform”. Goldman Sachs downgraded AMC Networks Inc. (NASDAQ:AMCX) on Tuesday, June 26 to “Hold” rating. The stock has “In-Line” rating by Evercore on Friday, May 11.

Another recent and important AMC Networks Inc. (NASDAQ:AMCX) news was published by which published an article titled: “How AMC Plans To Reanimate ‘The Walking Dead’ For 10 More Years” on September 20, 2018.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Chart

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