Guggenheim Downgrades Rating On AMC Networks Inc. (AMCX) To "Neutral"

AMC Networks

Tealwood Asset Management Raised By $316675 Its Amc Networks (AMCX) Position; Canterbury Park Holding NE

AMCX's profit will be $72.44 million for 11.73 P/E if the $1.14 EPS becomes a reality. Next quarter's EPS is expected be $1.59 and the next full year EPS is projected to be $6.93. The fund owned 7,153 shares of the company's stock after selling 2,823 shares during the period. Clearbridge Investments LLC raised its holdings in shares of AMC Networks by 1.1% in the 1st quarter. It has underperformed by 28.12% the S&P500.

Rwc Asset Management Llp increased Amc Networks Inc (AMCX) stake by 15.88% reported in 2017Q2 SEC filing. Horizon Investments Llc acquired 11,499 shares as Republic Svcs Inc Com (RSG)'s stock rose 1.04%. Republic Svcs Inc Com now has $21.46B valuation. About 533,621 shares traded. The company was downgraded on Thursday, October 20 by Pacific Crest. It has outperformed by 11.98% the S&P500. During the same period in the prior year, the firm posted $1.15 earnings per share. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 5,161,927 shares of the stock are valued at $298 million.

Investors sentiment decreased to 1.08 in Q2 2017. Its up 0.10, from 0.88 in 2017Q1. It dived, as 37 investors sold AMCX shares while 93 reduced holdings. 64 funds opened positions while 163 raised stakes. Shapiro Mngmt Llc reported 2.39 million shares or 0% of all its holdings. Pittenger Anderson has 40,000 shares. Moreover, Omega Advisors Inc. has 1.97% invested in the company for 885,185 shares. (NYSE:PRI) for 92,696 shares. 6,878 were accumulated by Argent Tru. The insider now directly owns 2,860 shares worth $153,811. Korea has 89,010 shares. Vanguard, Pennsylvania-based fund reported 4.46M shares. 238,589 are owned by Pggm. Jennison Assocs has invested 0.09% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). After this sale, 79,965 common shares of AMCX are directly owned by the insider, with total stake valued at $4,300,518. Phocas Fincl holds 0.72% of its portfolio in Primerica, Inc. First Republic Inv Mgmt Incorporated holds 0% or 6,982 shares. (NYSE:PRI). Raymond James & Associates owns 113,470 shares for 0.02% of their portfolio. California Public Employees Retirement System reported 140,400 shares. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Therefore 38% are positive. Networks had 51 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has "Buy" rating by Bank of America given on Friday, November 6. Keefe Bruyette & Woods maintained Primerica, Inc. (NYSE:PRI) has "Outperform" rating given on Wednesday, September 9 by Wood. Stifel Nicolaus has "Buy" rating and $76.0 target. On Wednesday, December 7 the stock rating was downgraded by Moffett Nathanson to "Sell". (NYSE:RSG) on Thursday, October 22 with "Equal-Weight" rating. The stock of Primerica, Inc. Jefferies maintained the stock with "Hold" rating in Monday, July 11 report. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 12.61 and a beta of 1.06. The rating was initiated by Loop Capital with "Hold" on Tuesday, August 9.

Yesterday AMC Networks (NDAQ:AMCX) traded -5.28% lower at $54.10. The company has an average rating of "Hold" and a consensus price target of $59.00. The firm earned "Buy" rating on Friday, August 5 by Goldman Sachs. Stifel Nicolaus has "Hold" rating and $56 target. The rating was maintained by JP Morgan with "Hold" on Monday, August 10. Evercore upgraded AMC Networks Inc (NASDAQ:AMCX) on Thursday, September 24 to "Buy" rating.

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In addition to Guggenheim reporting its stock price target, a total of 16 brokers have issued a research note on the company. Jefferies Group LLC reaffirmed a "hold" rating and set a $60.00 price objective on shares of AMC Networks in a research report on Monday, July 10th. Cadence Capital Limited Liability Corp reported 26,491 shares or 0.1% of all its holdings.

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Firm operates through two divisions: Specialty Construction Chemicals and Specialty Building Materials. It has a 18.36 P/E ratio. It operates through two segments: National Networks, and global and Other.

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