AMC NetworksAMCX
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
20% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 55
3% less funds holding
Funds holding: 203 [Q2] → 196 (-7) [Q3]
13% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 53
20.78% less ownership
Funds ownership: 123.0% [Q2] → 102.22% (-20.78%) [Q3]
25% less capital invested
Capital invested by funds: $387M [Q2] → $289M (-$98M) [Q3]
56% less call options, than puts
Call options by funds: $2.03M | Put options by funds: $4.65M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Morgan Stanley Thomas Yeh 60% 1-year accuracy 3 / 5 met price target | 4%downside $9 | Underweight Maintained | 12 Nov 2024 |
Seaport Global David Joyce 62% 1-year accuracy 8 / 13 met price target | 17%upside $11 | Buy Upgraded | 22 Oct 2024 |
Financial journalist opinion
