5 Cheap NASDAQ Stocks To Buy

2. AMC Networks Inc. (NASDAQ:AMCX)

Forward Price To Earnings Ratio: 2.21

Number of Hedge Fund Investors In Q2 2023: 17

AMC Networks Inc. (NASDAQ:AMCX) is an American company that operates several television networks. Its third quarter of 2023 earnings report provided some respite to investors as AMC Networks Inc. (NASDAQ:AMCX)’s streaming revenues grew by 9% despite a broader 2% revenue drop.

Insider Monkey took a look at 910 hedge fund holdings for 2023’s second quarter to discover that 17 had bought the firm’s shares. AMC Networks Inc. (NASDAQ:AMCX)’s biggest hedge fund shareholder is D. E. Shaw’s D E Shaw since it owns $11.5 million worth of shares.

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