AMC Networks Inc. (NASDAQ: AMCX) stock fell -5.45% on Thursday to $11.96 against a previous-day closing price of $12.65. With 0.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. The 52-week range on AMCX shows that it touched its highest point at $40.10 and its lowest point at $12.31 during that stretch. It currently has a 1-year price target of $18.86. Beta for the stock currently stands at 1.19.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMCX was down-trending over the past week, with a drop of -14.51%, but this was down by -29.48% over a month. Three-month performance dropped to -49.47% while six-month performance fell -42.42%. The stock lost -68.94% in the past year, while it has lost -23.68% so far this year. A look at the trailing 12-month EPS for AMCX yields 0.10 with Next year EPS estimates of 6.76. For the next quarter, that number is 1.67. This implies an EPS growth rate of -97.00% for this year and -1.73% for next year. EPS is expected to decline by -12.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -51.00%.
Float and Shares Shorts:
At present, 43.63 million AMCX shares are outstanding with a float of 27.59 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.08 million, which was 2.49% higher than short shares on Mar 30, 2023. In addition to Ms. Kristin Aigner Dolan as the firm’s Chief Exec. Officer, Mr. Patrick O’Connell serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 90.17% of AMCX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.55% of AMCX, in contrast to 30.26% held by mutual funds. Shares owned by individuals account for 208.16%. As the largest shareholder in AMCX with 13.94% of the stake, BlackRock Fund Advisors holds 4,392,944 shares worth 4,392,944. A second-largest stockholder of AMCX, The Vanguard Group, Inc., holds 3,390,159 shares, controlling over 10.75% of the firm’s shares. ClearBridge Investments LLC is the third largest shareholder in AMCX, holding 1,716,240 shares or 5.44% stake. With a 6.69% stake in AMCX, the Contrarius ICAV – Global Equity F is the largest stakeholder. A total of 2,109,760 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 6.41% of AMCX stock, is the second-largest Mutual Fund holder. It holds 2,020,357 shares valued at 35.74 million. Vanguard Total Stock Market ETF holds 2.91% of the stake in AMCX, owning 918,757 shares worth 16.25 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AMCX reported revenue of $738.02M and operating income of $153.20M. The EBITDA in the recently reported quarter was $386.20M and diluted EPS was $1.91.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMCX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMCX analysts setting a high price target of $27.00 and a low target of $15.00, the average target price over the next 12 months is $18.75. Based on these targets, AMCX could surge 125.75% to reach the target high and rise by 25.42% to reach the target low. Reaching the average price target will result in a growth of 56.77% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AMCX stock several times over the past three months with 12 Buys and 12 Sells. In these transactions, 52,043 shares were bought while 23,175 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 216,060 while 129,175 shares were sold.
