AMC Networks prices offering of $875M of 10.25% senior secured notes due 2029
Seeking Alpha News (Tue, 26-Mar 5:57 PM ET)
Globe Newswire (Tue, 26-Mar 5:53 PM ET)
AMC Networks announces conditional full redemption of 4.75% senior notes
Seeking Alpha News (Mon, 25-Mar 10:35 AM ET)
AMC Networks Announces Conditional Full Redemption of 4.75% Senior Notes due 2025
Globe Newswire (Mon, 25-Mar 9:55 AM ET)
AMC Networks Announces Debt Restructuring Initiatives
TipRanks (Mon, 25-Mar 8:02 AM ET)
AMC Networks Commences Tender Offer for Any and All Senior Notes due 2025
Globe Newswire (Mon, 25-Mar 7:45 AM ET)
Globe Newswire (Mon, 25-Mar 7:45 AM ET)
Globe Newswire (Thu, 15-Feb 9:00 AM ET)
AMC Networks Inc. Reports Fourth Quarter and Full Year 2023 Results
Globe Newswire (Fri, 9-Feb 7:00 AM ET)
AMC Networks to Report Fourth Quarter and Full Year 2023 Results
Globe Newswire (Fri, 19-Jan 9:00 AM ET)
AMC Networks owns several cable networks, including flagship AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, the most widely distributed channel, reaches more than 70 million pay-TV households in the U.S. Over the last decade, AMC shifted its focus to original scripted programming from classic movies. WE tv targets a female audience and reaches roughly 68 million households. IFC mainly shows independent films and alternative comedy series. AMC also operates a number of niche streaming platforms including Acorn (focused on British shows) and Shudder (focused on horror programming). The firm launched AMC+, a streaming platform for its own content in 2020.
Amc Networks - Class A trades on the NASDAQ stock market under the symbol AMCX.
As of March 28, 2024, AMCX stock price declined to $12.18 with 193,262 million shares trading.
AMCX has a beta of 1.98, meaning it tends to be more sensitive to market movements. AMCX has a correlation of 0.14 to the broad based SPY ETF.
AMCX has a market cap of $530.58 million. This is considered a Small Cap stock.
Last quarter Amc Networks - Class A reported $679 million in Revenue and $.72 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.17.
In the last 3 years, AMCX stock traded as high as $72.80 and as low as $9.96.
The top ETF exchange traded funds that AMCX belongs to (by Net Assets): IJR, FNDA, VTI, VB, IWM.
AMCX has underperformed the market in the last year with a price return of -26.1% while the SPY ETF gained +33.9%. AMCX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -34.2% and -3.9%, respectively, while the SPY returned +10.4% and +1.9%, respectively.
AMCX support price is $11.79 and resistance is $12.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMCX stock will trade within this expected range on the day.