Omega Advisors INC Has Lowered Amc Networks INC (AMCX) Stake by $22.09 Million

October 2, 2018 - By Hazel Jackson

AMC Networks Inc. (NASDAQ:AMCX) LogoInvestors sentiment decreased to 0.68 in Q2 2018. Its down 0.08, from 0.76 in 2018Q1. It turned negative, as 37 investors sold AMCX shares while 127 reduced holdings. 56 funds opened positions while 56 raised stakes. 47.59 million shares or 3.99% less from 49.56 million shares in 2018Q1 were reported. North Star Inv invested 0% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Boston Partners stated it has 0.06% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Citigroup holds 0% or 26,637 shares. Kbc Grp Nv owns 103,740 shares. Cubist Systematic Strategies Ltd owns 6,700 shares. New Vernon Cap Holding Ii Limited Co reported 6,047 shares stake. Zacks Invest Mngmt accumulated 27,562 shares. Joel Isaacson Co Limited Liability Corp invested in 8,050 shares or 0.08% of the stock. Somerset Trust holds 0.17% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX) for 4,970 shares. Baldwin Brothers Inc Ma reported 5,000 shares stake. Employees Retirement Association Of Colorado holds 10,519 shares. Mackay Shields Ltd invested 0.01% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). 8,885 were accumulated by Gam Holding Ag. Comerica Financial Bank invested 0.01% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Manufacturers Life Ins The holds 0% or 73,612 shares in its portfolio.

Since May 17, 2018, it had 0 insider purchases, and 3 insider sales for $1.16 million activity. 2,300 shares valued at $154,123 were sold by Gallagher James on Monday, June 18.

Omega Advisors Inc decreased its stake in Amc Networks Inc (AMCX) by 11.49% based on its latest 2018Q2 regulatory filing with the SEC. Omega Advisors Inc sold 356,221 shares as the company’s stock rose 1.26% with the market. The hedge fund held 2.74M shares of the television services company at the end of 2018Q2, valued at $170.71M, down from 3.10 million at the end of the previous reported quarter. Omega Advisors Inc who had been investing in Amc Networks Inc for a number of months, seems to be less bullish one the $3.76B market cap company. The stock decreased 0.50% or $0.33 during the last trading session, reaching $66.01. About 1.12 million 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.

Omega Advisors Inc, which manages about $12.65 billion and $2.87B US Long portfolio, upped its stake in Humana Inc (NYSE:HUM) by 51,800 shares to 185,253 shares, valued at $55.14M in 2018Q2, according to the filing. It also increased its holding in Thermo Fisher Scientific Inc (NYSE:TMO) by 51,000 shares in the quarter, for a total of 258,400 shares, and has risen its stake in Parsley Energy Inc (NYSE:PE).

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.

Another recent and important AMC Networks Inc. (NASDAQ:AMCX) news was published by Benzinga.com 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 Coverage

Among 4 analysts covering AMC Networks (NASDAQ:AMCX), 0 have Buy rating, 1 Sell and 3 Hold. Therefore 0 are positive. AMC Networks had 4 analyst reports since May 11, 2018 according to SRatingsIntel. The stock has “Hold” rating by Goldman Sachs on Tuesday, June 26. Bernstein downgraded the shares of AMCX in report on Thursday, June 21 to “Underperform” rating. Evercore downgraded the stock to “In-Line” rating in Friday, May 11 report.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Chart

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