BB&T Securities lowered its stake in shares of AMC Networks Inc (NASDAQ:AMCX) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,937 shares of the company’s stock after selling 161 shares during the period. BB&T Securities’ holdings in AMC Networks were worth $294,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Creative Planning raised its position in shares of AMC Networks by 5.5% in the fourth quarter. Creative Planning now owns 8,208 shares of the company’s stock valued at $613,000 after buying an additional 430 shares during the last quarter. Telemus Capital raised its position in AMC Networks by 42.7% in the fourth quarter. Telemus Capital now owns 29,059 shares of the company’s stock worth $2,170,000 after buying an additional 8,695 shares in the last quarter. Janus Capital Management acquired a new position in AMC Networks during the third quarter worth about $5,802,000. Finally, Jennison Associates raised its position in AMC Networks by 19.7% in the third quarter. Jennison Associates now owns 1,128,358 shares of the company’s stock worth $82,562,000 after buying an additional 185,684 shares in the last quarter.

Shares of AMC Networks Inc (NASDAQ:AMCX) opened at 72.60 on Tuesday. The firm’s 50-day moving average is $76.70 and its 200 day moving average is $76.64. The firm has a market cap of $5.26 billion and a PE ratio of 15.01. AMC Networks Inc has a 52 week low of $63.37 and a 52 week high of $87.18.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.24. During the same period last year, the company posted $0.74 EPS. The firm had revenue of $605.05 million for the quarter, compared to the consensus estimate of $604.81 million. The business’s revenue was up 21.7% compared to the same quarter last year. Equities research analysts forecast that AMC Networks Inc will post $4.96 EPS for the current year.

A number of equities analysts have issued reports on the stock. Albert Fried & Company reissued an “overweight” rating and set a $97.00 price target on shares of AMC Networks in a research report on Wednesday, November 11th. Vetr raised shares of AMC Networks from a “buy” rating to a “strong-buy” rating and set a $84.50 price target for the company in a research report on Monday, January 4th. Sanford C. Bernstein raised their price target on shares of AMC Networks from $74.00 to $80.00 in a research report on Wednesday, November 18th. Pacific Crest reissued an “overweight” rating and set a $85.00 price target on shares of AMC Networks in a research report on Tuesday, November 17th. Finally, Piper Jaffray reissued an “overweight” rating and set a $90.00 price target on shares of AMC Networks in a research report on Thursday, January 7th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $85.39.

In other AMC Networks news, insider Marianne Dolan Weber sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $78.28, for a total transaction of $78,280.00. Following the sale, the insider now owns 810 shares of the company’s stock, valued at $63,406.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AMC Networks Inc. is a holding company, which conducts all of its operations through its majority-owned or controlled subsidiaries. The Company owns and operates various cable television brands. The Company manages its business through two segments: National Networks, which includes five programming networks: AMC, WE tv, BBC AMERICA, IFC, and SundanceTV , which are available to its distributors in high-definition and/or standard-definition formats, and, International and Other, which principally includes AMC Networks International, the Company’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 Company’s independent film distribution business; AMC Networks International – DMC (NASDAQ:AMCX), the broadcast solutions unit of certain networks of AMC Networks International and third party networks; and various developing on-line content distribution initiatives.

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