AMC Networks Inc (AMCX) Shares Sold by Retirement Systems of Alabama

Angelo Anderson
March 18, 2018

On 3/20/2017 James Gallagher, EVP, sold 4,000 with an average share price of $58.75 per share and the total transaction amounting to $235,000.00. The company has market cap of $3.11 billion. The stock decreased 0.35% or $0.05 during the last trading session, reaching $14.31. Darling Ingredients Inc. (NYSE:DAR) has risen 8.56% since March 17, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

Westover Capital Advisors Llc increased Amc Networks Inc (AMCX) stake by 220.78% reported in 2017Q3 SEC filing. Accern also gave headlines about the company an impact score of 45.5679516960732 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future. The Tourbillon Capital Partners Lp holds 817,016 shares with $47.77 million value, up from 771,756 last quarter. South Dakota Investment Council who had been investing in Amc Networks Inc for a number of months, seems to be less bullish one the $3.12B market cap company.

The stock increased 0.18% or $0.04 during the last trading session, reaching $21.78. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.19.

Shares of AMC Networks (NASDAQ:AMCX) opened at $50.39 on Wednesday. It has underperformed by 34.20% the S&P500.

South Dakota Investment Council, which manages about $4.94B US Long portfolio, upped its stake in Alaska Air Group Inc (NYSE:ALK) by 119,500 shares to 123,100 shares, valued at $9.39 million in 2017Q3, according to the filing.

A number of large investors have recently made changes to their positions in AMCX.

Analysts await Bunge Limited (NYSE:BG) to report earnings on May, 2. They expect $2.18 earnings per share, up 3.81% or $0.08 from last year's $2.1 per share. After $1.68 actual EPS reported by AMC Networks Inc. for the previous quarter, Wall Street now forecasts 29.76 % EPS growth. Therefore 75% are positive. Geode Cap Lc has invested 0.01% in AMC Networks Inc. The rating was maintained by Jefferies with "Hold" on Thursday, August 3. Morgan Stanley maintained the stock with "Underweight" rating in Friday, October 20 report. Nomura maintained the stock with "Buy" rating in Thursday, September 22 report. Citigroup maintained The Travelers Companies, Inc. (NASDAQ:AMCX) earned "Neutral" rating by Moffett Nathanson on Tuesday, February 20. The stock of Digital Realty Trust, Inc. The rating was maintained by Keefe Bruyette & Woods with "Buy" on Thursday, December 21. The firm has "Hold" rating given on Friday, November 3 by Loop Capital. The company was maintained on Friday, August 11 by Robert W. Baird. On Thursday, September 15 the stock rating was downgraded by Stifel Nicolaus to "Hold".

Investors sentiment increased to 1.04 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. Hightower Ltd Liability Corp invested in 5,625 shares. Ahl Ptnrs Limited Liability Partnership reported 69,599 shares. Parametric Associate Ltd Llc has invested 0.01% in Darling Ingredients Inc. Principal Financial Grp Incorporated holds 224,205 shares. 2,164 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). (NYSE:TXT) stake by 50,200 shares and now owns 1.54M shares. (NASDAQ:AMCX). Financial Engines Lc, a California-based fund reported 9 shares. Toronto Dominion Savings Bank holds 5,929 shares. Bnp Paribas Asset Management Hldg reported 0.02% stake. Moreover, Gabelli Funds Ltd Com has 0.01% invested in Bunge Limited (NYSE:BG). (NYSE:DAR). Oppenheimer Asset Mgmt Inc reported 486,409 shares. Berkshire Asset Mngmt Ltd Llc Pa, a Pennsylvania-based fund reported 958,533 shares. BidaskClub raised shares of AMC Networks from a "strong sell" rating to a "sell" rating in a research note on Tuesday, January 23rd.

Investors sentiment decreased to 0.78 in 2017 Q3. Finally, Capital Fund Management S.A. acquired a new position in AMC Networks during the 4th quarter valued at about $229,000. The Travelers Companies, Inc. Boyar Asset stated it has 0.49% of its portfolio in AMC Networks Inc. (NASDAQ:AMCX). Boston Prns holds 0.03% of its portfolio in AMC Networks Inc. Delphi Management Inc Ma holds 1.34% of its portfolio in AMC Networks Inc.

Several research analysts have commented on AMCX shares. Janney Montgomery Scott Ltd Llc holds 0.01% or 17,957 shares. (NASDAQ:AMCX). Moreover, Los Angeles Capital And Equity Research has 0.01% invested in AMC Networks Inc. (NASDAQ:AMCX). Rhumbline Advisers reported 118,629 shares or 0.02% of all its holdings. Verition Fund Mngmt Limited Liability reported 40,709 shares stake. 26,600 are held by Macquarie Gp. (NASDAQ:AMCX) for 37,480 shares. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AMC Networks by 46.6% in the 4th quarter. First Manhattan reported 64 shares or 0% of all its holdings. Gotham Asset Management Limited Liability Corporation accumulated 48,843 shares.

More notable recent AMC Networks Inc. General Electric Company (NYSE:GE) has declined 4.46% since March 17, 2017 and is downtrending.

Among 25 analysts covering AMC Networks (NASDAQ:AMCX), 8 have Buy rating, 2 Sell and 15 Hold. Therefore 0 are positive. AMC Networks had 65 analyst reports since August 3, 2015 according to SRatingsIntel. Advisor Group Inc. boosted its position in shares of AMC Networks by 24.4% during the 2nd quarter. (NASDAQ:AMCX) rating on Monday, February 22. The firm earned "Buy" rating on Friday, July 7 by Stifel Nicolaus. The firm has "Hold" rating by Cowen & Co given on Tuesday, August 15. The company was maintained on Monday, August 10 by JP Morgan. The rating was upgraded by TheStreet on Tuesday, July 21 to "Buy". FBR Capital initiated the shares of AMCX in report on Thursday, October 6 with "Outperform" rating. Finally, Cowen reiterated a "hold" rating and issued a $63.00 price target on shares of AMC Networks in a research note on Monday, February 5th.

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