AMC Networks
AMCX

$10.90

7.36%

Market Cap: 480M

About: AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached nearly 65 million pay-TV households in the US at the end of 2023. The firm also had nearly 11.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.

Employees: 1,900

Communication Services Cable & Other Pay Television Services

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

2% more funds holding

Funds holding: 187 [Q4 2023] → 190 (+3) [Q1 2024]

9% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 32

2% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 59

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0.35% less ownership

Funds ownership: 88.49% [Q4 2023] → 88.14% (-0.35%) [Q1 2024]

36% less capital invested

Capital invested by funds: $533M [Q4 2023] → $343M (-$190M) [Q1 2024]

71% less call options, than puts

Call options by funds: $1.62M | Put options by funds: $5.53M

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$11

1%

upside

Avg. target

$11

1%

upside

High target

$11

1%

upside

1 analyst rating

0 positive

0%

0 neutral

0%

1 negative

100%

Morgan Stanley

Thomas Yeh

1%upside

$11

Underweight

Maintained

12 Feb 2024

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Financial journalist opinion

Based on 4 articles about AMCX published over the past 30 days

Not just AMC Entertainment: AMC Networks stock has imploded

AMC Entertainment's (NYSE: AMC) stock price has imploded this year amid concerns about the box office industry, its huge debt load, and dilution. It has crashed by 90% in the past 12 months and by 90% in the past five years.

Not just AMC Entertainment: AMC Networks stock has imploded

AMC Networks to Report Second Quarter 2024 Results

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the second quarter 2024 on Friday, August 9, 2024 at 8:30 a.m. Eastern Time. AMC Networks will issue a press release reporting its results before the market opening.

AMC Networks to Report Second Quarter 2024 Results

Media Stocks Jump With Broader Market As Interest Rate Relief Seems Certain

Media and entertainment shares are having a great day as are markets with the Dow, S&P and Russell 2000 all decisively on the upswing. Investors are baking in an interest rate cut this fall with some pushing for relief as early as the Federal Reserve's July 31 meeting.

Media Stocks Jump With Broader Market As Interest Rate Relief Seems Certain

Zacks Investment Research

New Strong Sell Stocks for July 15th

AMCX, CCOI and HAYN have been added to the Zacks Rank #5 (Strong Sell) List on July 15, 2024.

New Strong Sell Stocks for July 15th

AMC Networks Inc. Announces Pricing of $125 Million Offering of Convertible Senior Notes

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company” or “AMC Networks”) today announced the pricing of $125 million aggregate principal amount of 4.25% convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, the Company has granted the initial purchasers an option to purchase, for settlement within a 13-day period beginning on, and including, the first day on which the notes are issued, up to an additional $18.75 million aggregate principal amount of the notes. The offering of the notes is expected to close on June 21, 2024, subject to satisfaction of customary closing conditions.

AMC Networks Inc. Announces Pricing of $125 Million Offering of Convertible Senior Notes

Shares Of AMC Networks Plunge 35% As Company Plans Debt Sale To Raise Cash

Shares of AMC Networks plunged more than 35% Monday as the company said it plans put up for sale $125 million-worth of convertible senior notes due in 2029 in a private offering, plus additional notes for up to $18.75 million.

Shares Of AMC Networks Plunge 35% As Company Plans Debt Sale To Raise Cash

Why Is AMC Networks (AMCX) Stock Down 11% Today?

AMC Networks (NASDAQ: AMCX ) stock is falling on Monday after the video entertainment company announced plans for a private offering of convertible senior notes due 2029. AMC Networks notes that this convertible offering will raise $125 million for the company.

Why Is AMC Networks (AMCX) Stock Down 11% Today?

AMC Networks, Louisiana-Pacific And Other Big Stocks Moving Lower In Monday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Monday.

AMC Networks, Louisiana-Pacific And Other Big Stocks Moving Lower In Monday's Pre-Market Session

AMC Networks Inc. Announces Private Offering of $125 Million of Convertible Senior Notes

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- AMC Networks Inc. (Nasdaq: AMCX) (the “Company” or “AMC Networks”) today announced that it intends to offer, subject to market conditions and other factors, $125 million aggregate principal amount of convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering of the notes, AMC Networks expects to grant the initial purchasers an option to purchase, for settlement within a 13-day period beginning on, and including, the first day on which the notes are issued, up to an additional $18.75 million aggregate principal amount of the notes.

AMC Networks Inc. Announces Private Offering of $125 Million of Convertible Senior Notes

AMC Networks: There's Hidden Opportunity With This One

AMC Networks is facing challenges in its core business, leading to declining revenue and profitability. The company's streaming services, including AMC+, show potential for growth and hidden value. Shares of AMC Networks are attractively priced, but long-term issues in the industry may limit upside potential.

AMC Networks: There's Hidden Opportunity With This One

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