ibusinesslines.com July 21, 2017

The AMC Networks Inc. (AMCX) Stake Increased by JPMorgan Chase & Co

17 July 2017, 01:26 | Myron Mathis

Amc Networks Inc (Call) now has $3.80 billion valuation. The stock increased 1.01% or $0.56 during the last trading session, reaching $56.26. Gabelli analyst B. Harriss now anticipates that the company will earn $7.75 per share for the year, down from their previous forecast of $7.90. (NASDAQ AMCX) traded up 0.89% on Friday, reaching $56.73. It has underperformed by 34.20% the S&P500. The firm owned 8,500 shares of the company's stock after selling 3,300 shares during the period. Janney Montgomery Scott LLC increased its position in AMC Networks by 17.9% in the first quarter. About 470,475 shares traded. Crane Co. (NYSE:CR) has risen 42.66% since July 12, 2016 and is uptrending. It has outperformed by 52.65% the S&P500. Therefore 69% are positive.

Several equities research analysts recently weighed in on AMCX shares. Evercore upgraded the shares of AMCX in report on Thursday, September 24 to "Buy" rating. The stock of KB Home (NYSE:KBH) earned "Market Perform" rating by Wells Fargo on Thursday, September 29. The company was initiated on Tuesday, August 9 by Loop Capital. Airain Limited accumulated 9,223 shares. The rating was maintained by Jefferies on Monday, July 10 with "Hold". The firm has "Buy" rating by Aegis Capital given on Friday, December 2. Oppenheimer invested in 0.01% or 7,200 shares. Norton Thomas F sold $891,450 worth of stock. The insider Curran Brendan sold 12,632 shares worth $899,568. Llc has invested 2.02% in the stock. State Treasurer State Of Michigan reported 23,750 shares.

03/28/2017 - AMC Networks Inc. had its " rating reiterated by analysts at Guggenheim. United Contl Hldgs Inc (NYSE:UAL) was reduced too.

Investors sentiment decreased to 1.14 in Q4 2016. Its down 0.07, from 1.36 in 2016Q3. It turned negative, as 25 investors sold CR shares while 101 reduced holdings. 50 funds opened positions while 79 raised stakes. Ancora Advisors Ltd Com invested in 1,000 shares. (NYSE:CR) for 1,500 shares. M&T National Bank Corporation reported 5,157 shares. Nine Chapters Cap Ltd Liability Corp reported 0.55% stake. Blackrock Institutional Trust Na has 0.01% invested in AMC Networks Inc (NASDAQ:AMCX). (NYSE:CR) for 13,500 shares. Invesco Ltd holds 0% or 260,922 shares in its portfolio. Art Advsr Limited Co invested in 0.04% or 18,000 shares. Whittier stated it has 0.01% in KB Home (NYSE:KBH). (NYSE:CR) or 7,505 shares. Lord Abbett Ltd Co stated it has 0% in KB Home (NYSE:KBH). Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,983 shares for 0% of their portfolio. Rhumbline Advisers reported 94,157 shares or 0.02% of all its holdings. Northwestern Mutual Wealth Mngmt holds 0% or 30 shares. During the same period in the prior year, the firm posted $2.09 EPS. CR's profit will be $68.69 million for 17.94 P/E if the $1.16 EPS becomes a reality. The company reported $2.10 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.00 by $0.10.

Since March 20, 2017, it had 0 insider buys, and 1 sale for $235,000 activity. The shares were sold at an average price of $58.75, for a total transaction of $235,000.00. Faroe Petroleum plc (LON:FPM) has 0.00% since July 12, 2016 and is. Its down 0.04, from 1.18 in 2016Q3. It worsened, as 38 investors sold AMCX shares while 97 reduced holdings. 36 funds opened positions while 66 raised stakes. Tcw Gp holds 0% or 12,053 shares in its portfolio. AMC Networks Inc. has a 52-week low of $46.17 and a 52-week high of $67.61. The Company owns and operates entertainment businesses and assets.

State of Wisconsin Investment Board lowered its stake in AMC Networks Inc. Teachers Retirement Sys Of The State Of Kentucky, Kentucky-based fund reported 13,800 shares. Wrapmanager Inc. purchased a new stake in shares of AMC Networks during the first quarter valued at $233,000.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Thursday, May 4th. Tricadia Capital Management Llc owns 165,000 shares or 2.69% of their USA portfolio. Cornerstone Holding Ltd has 410,868 shares for 0.17% of their portfolio. Nordea Investment Management AB boosted its position in shares of AMC Networks by 7.3% in the first quarter. 5,872 are owned by Profund Ltd. 1,763 were reported by Victory Mgmt. Out of 21 Wall Street analysts rating AMC Networks, 10 give it "Buy", 3 "Sell" rating, while 8 recommend "Hold". Therefore 48% are positive. AMC Networks had 45 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was downgraded by Albert Fried to "Underweight" on Thursday, November 3. Piper Jaffray Companies downgraded AMC Networks from an "overweight" rating to a "neutral" rating in a research note on Monday, April 10th. On Friday, August 5 the stock rating was maintained by JP Morgan with "Neutral". The firm has "Mkt Perform" rating by FBR Capital given on Friday, January 8. The rating was downgraded by TheStreet on Saturday, September 5 to "Hold". The company was maintained on Monday, July 11 by Jefferies. On Wednesday, August 26 the stock rating was maintained by Albert Fried with "Buy". As per Friday, September 30, the company rating was maintained by Peel Hunt.

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