AMC Networks (AMCX)

• Market cap: $340M
• 1 day: -3.87%
• 5 days: -14.81%
• 1 month: -14.24%
• 3 months: -21.49%
• 6 months: -25.07%
• Year to date: -22.75%
• 1 year: -41.72%
• 5 years: -78.00%
• 10 years: -88.92%
• Sector: Communication Services
• Industry: Cable & Other Pay Television Services

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 Q4 regulatory filings by fund managers ($100M+ AUM)

11% more capital invested

Capital invested by funds: $292M [Q3] → $325M (+$33.1M) [Q4]

3% less first-time investments, than exits

New positions opened: 39 | Existing positions closed: 40

8% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 66

2% less funds holding

Funds holding: 196 [Q3] → 192 (-4) [Q4]

2.62% less ownership

Funds ownership: 103.37% [Q3] → 100.75% (-2.62%) [Q4]

14% less call options, than puts

Call options by funds: $1.85M | Put options by funds: $2.15M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $8 4% upside
• Avg. target: $8 4% upside
• High target: $8 4% upside

2 analyst ratings

• positive: 0 0%
• neutral: 0 0%
• negative: 2 100%

Morgan Stanley Thomas Yeh 50% 1-year accuracy 3 / 6 met price target	4% upside $8	Underweight Maintained	20 Feb 2025
JP Morgan Alexia Quadrani 50% 1-year accuracy 1 / 2 met price target	4% upside $8	Underweight Maintained	18 Feb 2025