StockNews.com Lowers AMC Networks (NASDAQ:AMCX) to Hold

StockNews.com cut shares of AMC Networks (NASDAQ:AMCX) from a buy rating to a hold rating in a research report report published on Friday morning.

AMC Networks Stock Down 1.1 %

AMCX opened at $10.04 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.06. The stock has a market cap of $437.34 million, a price-to-earnings ratio of 2.81 and a beta of 1.30. AMC Networks has a twelve month low of $8.84 and a twelve month high of $20.97. The company’s 50-day moving average price is $13.53 and its two-hundred day moving average price is $13.94.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, May 10th. The company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.63). The company had revenue of $596.50 million during the quarter, compared to analysts’ expectations of $601.74 million. AMC Networks had a net margin of 6.09% and a return on equity of 23.57%. The firm’s revenue was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.62 earnings per share. As a group, equities analysts expect that AMC Networks will post 4.93 earnings per share for the current year.

Insider Activity at AMC Networks

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

Institutional Trading of AMC Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Linden Thomas Advisory Services LLC increased its holdings in AMC Networks by 10.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 35,841 shares of the company’s stock worth $346,000 after acquiring an additional 3,322 shares during the period. Virtu Financial LLC bought a new stake in AMC Networks during the 1st quarter worth approximately $138,000. EMC Capital Management increased its holdings in AMC Networks by 23.8% during the 1st quarter. EMC Capital Management now owns 7,792 shares of the company’s stock worth $95,000 after acquiring an additional 1,500 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in AMC Networks by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock worth $520,000 after acquiring an additional 1,434 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in AMC Networks during the 1st quarter worth approximately $60,000. Institutional investors own 78.51% of the company’s stock.

About AMC Networks

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.