why AMC Networks Inc. [AMCX] is a Good Choice for Investors After New Price Target of $29.72

AMC Networks Inc. [NASDAQ: AMCX] traded at a low on 01/27/21, posting a -19.32 loss after which it closed the day’ session at $48.27. The company report on January 27, 2021 that AMC Networks Inc. Announces Full Redemption of 4.75% Senior Notes due 2022 and $600 Million Partial Redemption of 5.00% Senior Notes due 2024.

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AMC Networks Inc. (“AMC Networks” or the “Company”) (Nasdaq:AMCX) announced that it has given notice of its intention to redeem the remaining $400 million outstanding principal amount of its 4.75% Senior Notes due 2022 (CUSIP Number 00164V AC7) (the “2022 Notes”) and $600 million of the outstanding $1 billion principal amount of its 5.00% Senior Notes due 2024 (CUSIP Number 00164V AD5) (the “2024 Notes” and, together with the 2022 Notes, the “Notes”) on February 26, 2021 (the “Redemption Date”). The 2022 Notes will be redeemed at a redemption price of 100.000% of the principal amount of the 2022 Notes and the 2024 Notes will be redeemed at a redemption price of 102.500% of the principal amount of the 2024 Notes to be redeemed, in each case, plus accrued and unpaid interest to, but excluding, the Redemption Date.

AMC Networks has instructed U.S. Bank National Association, as the trustee for the Notes (the “Trustee”), to distribute a notice of redemption to all registered holders of the Notes on January 26, 2021. Copies of the applicable notice of redemption and additional information relating to the procedure for the redemption of the Notes may be obtained from U.S. Bank National Association by calling 1(800)-934-6802.

The results of the trading session contributed to over 8054196 shares changing hands. Over the past one week, the price volatility of AMC Networks Inc. stands at 22.15% while the volatility over the past one month is 8.87%.

The market cap for AMCX stock reached $1.74 billion, with 52.35 million shares outstanding and 27.64 million shares in the current float. Compared to the average trading volume of 1.30M shares, AMCX reached a trading volume of 8054196 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about AMC Networks Inc. [AMCX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMCX shares is $29.72 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMCX stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for AMC Networks Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 19, 2020. The new note on the price target was released on August 07, 2020, representing the official price target for AMC Networks Inc. stock. Previously, the target price had yet another raise to $19, while Goldman analysts kept a Sell rating on AMCX stock.

The Average True Range (ATR) for AMC Networks Inc. is set at 4.68, with the Price to Sales ratio for AMCX stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 3.38, with the Price to Cash per share for the same quarter was set at 29.78. Price to Free Cash Flow for AMCX in the course of the last twelve months was 2.59 with Quick ratio for the last quarter at 2.40.

How has AMCX stock performed recently?

AMC Networks Inc. [AMCX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.26. With this latest performance, AMCX shares gained by 46.58% in over the last four-week period, additionally plugging by 100.21% over the last 6 months – not to mention a rise of 26.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMCX stock in for the last two-week period is set at 60.51, with the RSI for the last a single of trading hit 56.98, and the three-weeks RSI is set at 62.41 for AMC Networks Inc. [AMCX]. The present Moving Average for the last 50 days of trading for this stock 35.92, while it was recorded at 51.00 for the last single week of trading, and 27.65 for the last 200 days.

AMC Networks Inc. [AMCX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and AMC Networks Inc. [AMCX] shares currently have an operating margin of +26.59 and a Gross Margin at +48.79. AMC Networks Inc.’s Net Margin is presently recorded at +12.43.

Return on Total Capital for AMCX is now 20.03, given the latest momentum, and Return on Invested Capital for the company is 10.36. Return on Equity for this stock inclined to 77.46, with Return on Assets sitting at 7.00. When it comes to the capital structure of this company, AMC Networks Inc. [AMCX] has a Total Debt to Total Equity ratio set at 501.85. Additionally, AMCX Total Debt to Total Capital is recorded at 83.38, with Total Debt to Total Assets ending up at 59.70. Long-Term Debt to Equity for the company is recorded at 488.30, with the Long-Term Debt to Total Capital now at 81.13.

Reflecting on the efficiency of the workforce at the company, AMC Networks Inc. [AMCX] managed to generate an average of $179,984 per employee. Receivables Turnover for the company is 3.58 with a Total Asset Turnover recorded at a value of 0.56.AMC Networks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Earnings analysis for AMC Networks Inc. [AMCX]

With the latest financial reports released by the company, AMC Networks Inc. posted 1.69/share EPS, while the average EPS was predicted by analysts to be reported at 1.76/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMCX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AMC Networks Inc. go to -12.20%.

Insider trade positions for AMC Networks Inc. [AMCX]

There are presently around $2,237 million, in the hands of institutional investors. The top three institutional holders of AMCX stocks are: CLEARBRIDGE INVESTMENTS, LLC with ownership of 5,103,278, which is approximately -11.039% of the company’s market cap and around 2.20% of the total institutional ownership; BLACKROCK INC., holding 4,615,657 shares of the stock with an approximate value of $222.8 million in AMCX stocks shares; and SHAPIRO CAPITAL MANAGEMENT LLC, currently with $175.64 million in AMCX stock with ownership of nearly -2.014% of the company’s market capitalization.

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Positions in AMC Networks Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 127 institutional holders increased their position in AMC Networks Inc. [NASDAQ:AMCX] by around 8,597,769 shares. Additionally, 129 investors decreased positions by around 4,790,568 shares, while 39 investors held positions by with 32,947,021 shares. The mentioned changes placed institutional holdings at 46,335,358 shares, according to the latest SEC report filing. AMCX stock had 51 new institutional investments in for a total of 4,292,074 shares, while 45 institutional investors sold positions of 1,193,193 shares during the same period.

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