Koss Olinger Consulting LLC Has $1.35 Million Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Koss Olinger Consulting LLC decreased its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,521 shares of the company’s stock after selling 6,903 shares during the quarter. Koss Olinger Consulting LLC’s holdings in AMC Networks were worth $1,351,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position in shares of AMC Networks by 20.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 336,754 shares of the company’s stock worth $2,926,000 after purchasing an additional 57,952 shares during the last quarter. nVerses Capital LLC bought a new position in shares of AMC Networks during the 3rd quarter worth approximately $55,000. Exchange Traded Concepts LLC boosted its stake in shares of AMC Networks by 6.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after acquiring an additional 2,150 shares during the period. Dana Investment Advisors Inc. boosted its stake in shares of AMC Networks by 40.8% during the 2nd quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock worth $5,164,000 after acquiring an additional 154,927 shares during the period. Finally, Quarry LP boosted its stake in shares of AMC Networks by 119.2% during the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after acquiring an additional 2,336 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Wells Fargo & Company reduced their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, AMC Networks presently has an average rating of “Hold” and a consensus target price of $9.50.

AMC Networks Stock Performance

AMCX opened at $8.22 on Monday. The business has a fifty day simple moving average of $8.88 and a 200 day simple moving average of $11.08. The company has a market capitalization of $358.08 million, a PE ratio of 2.30 and a beta of 1.28. AMC Networks Inc. has a 1 year low of $7.08 and a 1 year high of $20.97. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.13 and a quick ratio of 2.13.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, August 9th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.28). The company had revenue of $625.90 million during the quarter, compared to analyst estimates of $601.41 million. AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. AMC Networks’s revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 earnings per share. Research analysts expect that AMC Networks Inc. will post 4.86 EPS for the current year.

AMC Networks 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.