Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
AMC Networks Inc (NASDAQ: AMCX)
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 89 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 85 million households. IFC mainly shows independent films and alternative comedy series. The company acquired its newest channel, BBC America, in October 2014.
A quick look at the price chart below for AMC Networks shows us that the stock is down 49% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 4.99, which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in AMC Networks:
Cliff Asness – 1,960,862 shares
Mario Gabelli – 848,944 shares
Leon Cooperman – 634,334 shares
Israel Englander – 271,795 shares
Murray Stahl – 220,676 shares
Ken Griffin – 105,698 shares
Paul Tudor Jones – 57,078 shares
Lee Ainslie – 51,813 shares
Joel Greenblatt – 16,744 shares
Chuck Royce – 2,092 shares
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