AMC Networks (NASDAQ:AMCX) Cut to “Hold” at StockNews.com

AMC Networks (NASDAQ:AMCX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

AMC Networks Price Performance

Shares of NASDAQ:AMCX opened at $9.63 on Tuesday. The business’s fifty day moving average price is $13.72 and its two-hundred day moving average price is $14.42. The stock has a market cap of $419.50 million, a PE ratio of 2.70 and a beta of 1.31. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.85 and a current ratio of 1.85. AMC Networks has a one year low of $8.84 and a one year high of $20.97.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, May 10th. The company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.63). The company had revenue of $596.50 million for the quarter, compared to analyst estimates of $601.74 million. AMC Networks had a net margin of 6.09% and a return on equity of 23.57%. AMC Networks’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.62 EPS. On average, analysts forecast that AMC Networks will post 4.93 EPS for the current fiscal year.

Insider Transactions at AMC Networks

In other news, EVP James Gallagher sold 25,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $15.54, for a total transaction of $388,500.00. Following the sale, the executive vice president now owns 1,659 shares in the company, valued at $25,780.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP James Gallagher sold 25,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $15.54, for a total value of $388,500.00. Following the transaction, the executive vice president now directly owns 1,659 shares of the company’s stock, valued at approximately $25,780.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kimberly Kelleher sold 10,941 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $17.22, for a total value of $188,404.02. The disclosure for this sale can be found here. Insiders have sold 55,348 shares of company stock worth $888,957 over the last quarter. 25.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AMC Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of AMCX. Vanguard Group Inc. increased its holdings in shares of AMC Networks by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after buying an additional 30,721 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in AMC Networks by 11.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,529,595 shares of the company’s stock worth $28,741,000 after acquiring an additional 155,346 shares during the last quarter. Schroder Investment Management Group lifted its position in AMC Networks by 2.0% during the 4th quarter. Schroder Investment Management Group now owns 1,010,729 shares of the company’s stock worth $18,992,000 after acquiring an additional 19,794 shares during the last quarter. Invesco Ltd. raised its position in shares of AMC Networks by 6.2% during the third quarter. Invesco Ltd. now owns 528,954 shares of the company’s stock valued at $6,231,000 after buying an additional 30,646 shares during the last quarter. Finally, RWWM Inc. raised its position in shares of AMC Networks by 193.7% during the fourth quarter. RWWM Inc. now owns 515,432 shares of the company’s stock valued at $9,682,000 after buying an additional 339,912 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Company Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.