AMC Networks Inc (NASDAQ:AMCX) was the target of unusually large options trading activity on Thursday. Stock traders acquired 1,175 put options on the stock. This represents an increase of 1,510% compared to the typical daily volume of 73 put options.

A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its position in AMC Networks by 275.0% during the fourth quarter. SG Americas Securities LLC now owns 36,249 shares of the company’s stock valued at $1,960,000 after purchasing an additional 26,582 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in AMC Networks by 13.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 68,560 shares of the company’s stock valued at $3,708,000 after purchasing an additional 8,215 shares during the last quarter. James Investment Research Inc. lifted its holdings in shares of AMC Networks by 45.8% in the 4th quarter. James Investment Research Inc. now owns 39,071 shares of the company’s stock worth $2,113,000 after acquiring an additional 12,271 shares during the last quarter. Cascade Investment Advisors Inc. bought a new stake in shares of AMC Networks in the 4th quarter worth about $1,269,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of AMC Networks by 18.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the company’s stock worth $20,080,000 after acquiring an additional 59,148 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

AMC Networks (NASDAQ:AMCX) traded up $0.41 on Monday, reaching $53.46. 513,023 shares of the company traded hands, compared to its average volume of 724,222. The stock has a market capitalization of $3,281.83, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. AMC Networks has a 52 week low of $46.89 and a 52 week high of $67.61. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. During the same period last year, the company posted $1.11 earnings per share. AMC Networks’s quarterly revenue was up 2.1% on a year-over-year basis. analysts anticipate that AMC Networks will post 7 earnings per share for the current year.

Several research analysts have weighed in on the stock. TheStreet downgraded shares of AMC Networks from a “b-” rating to a “c” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, January 2nd. Loop Capital reduced their price objective on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Morgan Stanley reduced their price objective on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 31st. Finally, ValuEngine raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.42.

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About AMC Networks

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

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