Company shares are trading at $54.30 which is marginally under the 50 day moving average of $57.63 and which is just a bit below the 200 day moving average of $57.59. The 50 day moving average went down $-3.33 or -5.77% and the 200 day average was down $-3.29. AMC Networks Inc. shares had a trading volume of 943K by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 43.03% over the normal average daily volume.
Traders are a little more bullish on AMC Networks Inc. of late considering the decrease in short interest. The firm realized a fall in short interest of -4.86% as of the latest report on September 29, 2017. Short interest fell 323,447 over that timeframe. The short-interest ratio increased to 14.0 and the percentage of shorted shares was 0.10% on September 29.
Here are a few substantial investment firms who have updated their positions. As of quarter end Oakbrook Investments LLC had disposed of a total of 340 shares trimming its holdings by 7.7%. The value of the total investment in AMC Networks Inc. went from $237,000 to $240,000 a change of $3,000 quarter to quarter. Clark Estates Inc/ny grew its position by buying 3,900 shares an increase of 6.6% from 06/30/2017 to 09/30/2017. Clark Estates Inc/ny currently owns 62,900 shares with a value of $3,678,000. The value of the position overall is up by 16.7%.
As of the end of the quarter Capital One, National Association had sold 10 shares trimming its stake by 0.1%. The value of the investment in (AMCX) increased from $394,000 to $431,000 a change of 9.4% since the last quarter. As of quarter end State Treasurer State Of Michigan had disposed of a total of 3,200 shares trimming its position 14.1%. The value of the investment in AMCX went from $1,215,000 to $1,143,000 decreasing 5.9% quarter over quarter.
On October 10, 2017 Wells Fargo started covering AMCX with a rating of “Outperform”.
AMC Networks Inc. currently has a P/E ratio of 11.86 and the market value is 3.45B. As of the last earnings report the EPS was $4.58 and is projected to be $6.64 for the current year with 63,565,000 shares outstanding. Next quarter’s EPS is expected be $1.59 with next year’s EPS anticipated to be $6.91.
AMC Networks Inc., launched on March 9, 2011, is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. The Company operates through two segments: National Networks, and International and Other. The National Networks segment includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada. The International and Other segment principally includes AMC Networks International (AMCNI), the Business’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 Business’s independent film distribution business; AMC Networks International- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing online content distribution initiatives..