AMC Networks Inc. (AMCX) – What Are Researchers Saying About This Stock?

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been given a consensus recommendation of “Strong Sell” by the five analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Thursday, October 15th. Wells Fargo & Company raised their target price on AMC Networks from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Weiss Ratings downgraded AMC Networks from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. UBS Group lifted their target price on AMC Networks from $6.00 to $10.00 and gave the stock a “sell” rating in a report on Wednesday, August 12th. Finally, Zacks Research lowered AMC Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 10th.

AMC Networks Stock Performance

AMCX opened at $9.18 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.76 and a quick ratio of 1.76. AMC Networks has a fifty-two week low of $6.47 and a fifty-two week high of $12.93. The company’s 50 day moving average price is $11.62 and its two-hundred day moving average price is $10.31. The firm has a market capitalization of $378.68 million, a price-to-earnings ratio of -11.19 and a beta of 1.39.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The business had revenue of $547.50 million for the quarter, compared to the consensus estimate of $555.74 million. AMC Networks had a negative net margin of 0.88% and a positive return on equity of 3.76%. AMC Networks’s revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. As a group, research analysts predict that AMC Networks will post 2.41 earnings per share for the current year.

Insider Activity

In other news, CAO Michael Sherin, III sold 10,648 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $12.35, for a total transaction of $131,502.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.13% of the stock is owned by company insiders.

Institutional Trading of AMC Networks

Several institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in AMC Networks in the second quarter valued at approximately $33,000. Signaturefd LLC increased its position in AMC Networks by 337.1% during the 3rd quarter. Signaturefd LLC now owns 5,307 shares of the company’s stock valued at $62,000 after purchasing an additional 4,093 shares during the period. Meeder Asset Management Inc. raised its holdings in AMC Networks by 70.2% during the 1st quarter. Meeder Asset Management Inc. now owns 18,534 shares of the company’s stock worth $126,000 after purchasing an additional 7,643 shares during the last quarter. First Trust Advisors LP raised its holdings in AMC Networks by 18.5% during the 1st quarter. First Trust Advisors LP now owns 19,720 shares of the company’s stock worth $134,000 after purchasing an additional 3,074 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in AMC Networks by 14.1% during the 1st quarter. SG Americas Securities LLC now owns 23,405 shares of the company’s stock worth $159,000 after purchasing an additional 2,885 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

About AMC Networks

AMC Networks Inc is an entertainment company that develops, produces, and distributes television and digital media content. The company’s portfolio includes the AMC, BBC America, IFC, SundanceTV, and WE tv networks, which offer scripted and unscripted programming, films, documentaries, and other entertainment content.

AMC Networks also operates a range of streaming and digital services, including AMC+, Acorn TV, Shudder, ALLBLK, and HIDIVE. These platforms provide on-demand access to original series, films, genre programming, international content, and offerings from the company’s television brands.