AMC Networks Inc. (NASDAQ:AMCX) Given Consensus Rating of “Strong Sell” by Brokerages

AMC Networks Inc. (NASDAQ:AMCX) has earned a consensus recommendation of “Strong Sell” from the six brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.00.

A number of equities research analysts have issued reports on the company. Zacks Research upgraded AMC Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Wells Fargo & Company boosted their target price on shares of AMC Networks from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Morgan Stanley upped their target price on shares of AMC Networks from $5.50 to $6.00 and gave the stock an “underweight” rating in a research report on Thursday, December 18th. Seaport Research Partners cut AMC Networks from a “strong-buy” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of AMC Networks in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. RWWM Inc. raised its stake in shares of AMC Networks by 22.7% during the second quarter. RWWM Inc. now owns 3,330,026 shares of the company’s stock valued at $20,879,000 after purchasing an additional 617,105 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in AMC Networks by 26.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,244,315 shares of the company’s stock valued at $21,366,000 after buying an additional 462,457 shares during the period. Marshall Wace LLP increased its stake in AMC Networks by 39.2% during the 2nd quarter. Marshall Wace LLP now owns 1,419,545 shares of the company’s stock valued at $8,901,000 after buying an additional 399,478 shares during the period. Millennium Management LLC raised its position in shares of AMC Networks by 1,309.4% during the 4th quarter. Millennium Management LLC now owns 346,923 shares of the company’s stock worth $3,303,000 after buying an additional 322,308 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of AMC Networks by 902.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 286,603 shares of the company’s stock worth $2,362,000 after acquiring an additional 258,005 shares during the period. Institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Performance

Shares of AMCX stock opened at $8.66 on Friday. The company has a market cap of $376.97 million, a P/E ratio of 6.32 and a beta of 1.12. The business has a 50 day moving average of $8.63 and a two-hundred day moving average of $8.06. AMC Networks has a 52 week low of $5.41 and a 52 week high of $10.27. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.72.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.14. AMC Networks had a return on equity of 11.32% and a net margin of 3.87%.The business had revenue of $594.80 million for the quarter, compared to the consensus estimate of $581.83 million. During the same quarter last year, the business posted $0.64 EPS. The business’s revenue was down .8% on a year-over-year basis. As a group, analysts anticipate that AMC Networks will post 2.62 EPS for the current year.

About AMC Networks

AMC Networks Inc (NASDAQ: AMCX) is a global entertainment company that specializes in the development, production and distribution of premium content for television and streaming platforms. Headquartered in New York City, the company operates a portfolio of pay television channels in the U.S. and abroad, and offers direct-to-consumer streaming services that feature both original programming and licensed fare. AMC Networks is best known for critically acclaimed series such as “Breaking Bad,” “Mad Men” and “The Walking Dead,” and it continues to invest in new scripted and unscripted content across a range of genres.

The company’s core television networks in the United States include AMC, IFC, Sundance TV and WE tv, while its joint venture with BBC Studios supports BBC America.