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

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

It now has negative earnings. 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. Rwc Asset Management Llp acquired 5,662 shares as Amc Networks Inc (AMCX)'s stock declined 4.67%. Clearbridge Investments LLC now owns 8,589,302 shares of the company's stock worth $504,020,000 after purchasing an additional 94,999 shares during the period. Vanguard Group Inc. grew its stake in AMC Networks by 2.3% in the 1st quarter. When we divide the current volume by the three-month average volume, we get a relative volume of 2.91.

Previously on Tuesday October 10, 2017, Wells Fargo reported on AMC Networks (NDAQ:AMCX) increased the target price from $0.00 to $72.00. It has underperformed by 34.20% the S&P500.

Investors sentiment decreased to 0.82 in 2017 Q2. Its down 0.02, from 1.1 in 2017Q1. It increased, as 26 investors sold RSG shares while 206 reduced holdings. 42 funds opened positions while 98 raised stakes. Evercore Wealth Mgmt Limited has invested 0.06% in AMC Networks Inc (NASDAQ:AMCX). Cowen and Company reaffirmed a "hold" rating and set a $53.00 price target on shares of AMC Networks in a research note on Thursday, September 21st. The hedge funds in our partner's database now own: 53.29 million shares, down from 53.55 million shares in 2017Q1. State Board Of Administration Of Florida Retirement Sys has invested 0.01% in AMC Networks Inc (NASDAQ:AMCX). Topeka Capital Markets maintained AMC Networks Inc (NASDAQ:AMCX) on Thursday, September 3 with "Hold" rating. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management reported 14,781 shares. South Dakota Inv Council owns 119,082 shares for 0.13% of their portfolio. Nordea Management reported 29,996 shares. Ameritas Investment Ptnrs holds 16,583 shares or 0.04% of its portfolio. First Manhattan has invested 0% in AMC Networks Inc (NASDAQ:AMCX). Ct Mason, a Massachusetts-based fund reported 67,285 shares. Lsv Asset Mngmt invested in 7.30 million shares or 0.54% of the stock. Louisiana State Employees Retirement Sys has invested 0.04% in AMC Networks Inc (NASDAQ:AMCX). The Guinness Asset Management Ltd holds 73,680 shares with $3.04 million value, down from 86,540 last quarter. It also reduced Scorpio Tankers Inc (NYSE:STNG) stake by 852,030 shares and now owns 479,015 shares. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has declined 11.42% since October 12, 2016 and is downtrending.

Among 23 analysts covering AMC Networks (NASDAQ:AMCX), 11 have Buy rating, 3 Sell and 9 Hold. Therefore 83% are positive. JP Morgan maintained it with "Neutral" rating and $62 target in Friday, August 5 report.

The company is so far trading down by 6.29% percent from yesterday's close and is one of the laggers in today's market. UBS downgraded the shares of AMCX in report on Friday, July 15 to "Sell" rating. The firm earned "Buy" rating on Friday, August 5 by Goldman Sachs. Pacific Crest downgraded the shares of AMCX in report on Thursday, October 20 to "Sector Weight" rating. Nuveen Asset Limited Liability Company invested 0.01% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). Stifel Nicolaus maintained the shares of RSG in report on Monday, August 7 with "Buy" rating.

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