DGS Capital Management LLC Purchases 2,180 Shares of AMC Networks Inc. (NASDAQ:AMCX)

DGS Capital Management LLC lifted its position in shares of AMC Networks Inc. (NASDAQ:AMCX) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,148 shares of the company’s stock after acquiring an additional 2,180 shares during the quarter. DGS Capital Management LLC owned approximately 0.05% of AMC Networks worth $210,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in AMC Networks by 119.2% during the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after acquiring an additional 2,336 shares during the period. Innealta Capital LLC purchased a new position in shares of AMC Networks in the second quarter valued at $48,000. nVerses Capital LLC bought a new stake in shares of AMC Networks during the 3rd quarter valued at $55,000. Quantinno Capital Management LP bought a new stake in shares of AMC Networks during the 3rd quarter valued at $88,000. Finally, FORA Capital LLC purchased a new stake in AMC Networks during the 3rd quarter worth about $89,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMCX. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley decreased their target price on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th. Finally, StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.50.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $9.70 on Friday. AMC Networks Inc. has a twelve month low of $7.08 and a twelve month high of $20.97. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. The stock has a market cap of $427.97 million, a P/E ratio of 15.40 and a beta of 1.34. The business’s 50-day moving average price is $8.74 and its two-hundred day moving average price is $9.98.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.29. The business had revenue of $599.60 million during the quarter, compared to analyst estimates of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. AMC Networks’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 earnings per share. As a group, equities analysts predict that AMC Networks Inc. will post 4.09 EPS for the current fiscal year.

AMC Networks Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.