AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 455,924 shares of the company’s stock after selling 2,000 shares during the period. Gamco Investors INC. ET AL owned 1.05% of AMC Networks worth $5,530,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMCX. Public Employees Retirement System of Ohio lifted its position in AMC Networks by 20.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock worth $52,000 after buying an additional 737 shares during the period. SG Americas Securities LLC lifted its position in AMC Networks by 5.8% during the fourth quarter. SG Americas Securities LLC now owns 16,030 shares of the company’s stock worth $301,000 after buying an additional 882 shares during the period. Illinois Municipal Retirement Fund lifted its position in AMC Networks by 6.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 18,428 shares of the company’s stock worth $346,000 after buying an additional 1,172 shares during the period. GAMMA Investing LLC purchased a new position in AMC Networks during the fourth quarter worth about $33,000. Finally, Nisa Investment Advisors LLC lifted its position in AMC Networks by 98.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock worth $81,000 after buying an additional 2,146 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.75.

AMC Networks Trading Up 5.5 %

Shares of AMC Networks stock traded up $0.57 during trading hours on Friday, reaching $10.90. The stock had a trading volume of 476,184 shares, compared to its average volume of 647,189. The firm has a 50 day simple moving average of $12.77 and a two-hundred day simple moving average of $13.39. The firm has a market capitalization of $474.80 million, a price-to-earnings ratio of 3.05 and a beta of 1.30. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.06. AMC Networks Inc. has a 1 year low of $8.84 and a 1 year high of $20.97.

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

Insider Activity at AMC Networks

In related news, CAO Michael J. Sherin III sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $15.61, for a total transaction of $46,830.00. Following the sale, the chief accounting officer now directly owns 4,948 shares in the company, valued at approximately $77,238.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP James Gallagher sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 1,659 shares in the company, valued at approximately $25,780.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Michael J. Sherin III sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $15.61, for a total value of $46,830.00. Following the sale, the chief accounting officer now owns 4,948 shares in the company, valued at $77,238.28. 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 currently owned by company insiders.

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.