F. Dolan 2009 Revocabl Charles Sells 154,345 Shares of AMC Networks Inc. (NASDAQ:AMCX) Stock

AMC Networks Inc. (NASDAQ:AMCX) insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the completion of the transaction, the insider now owns 20,833 shares in the company, valued at approximately $144,789.35. This trade represents a 88.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

AMC Networks Stock Up 2.3 %

NASDAQ AMCX traded up $0.16 on Wednesday, hitting $7.17. 442,311 shares of the stock traded hands, compared to its average volume of 1,012,214. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. The stock has a 50-day moving average of $8.80 and a 200 day moving average of $8.85. AMC Networks Inc. has a twelve month low of $6.59 and a twelve month high of $18.58. The company has a market capitalization of $316.46 million, a P/E ratio of -1.37 and a beta of 1.33.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41). AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm had revenue of $599.30 million for the quarter, compared to analyst estimates of $611.26 million. During the same period in the prior year, the company posted $0.72 earnings per share. The business’s revenue was down 11.7% on a year-over-year basis. As a group, analysts expect that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in AMC Networks by 45.7% in the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company’s stock valued at $35,000 after acquiring an additional 1,097 shares during the period. R Squared Ltd acquired a new position in AMC Networks during the 4th quarter valued at approximately $59,000. Federated Hermes Inc. boosted its position in AMC Networks by 31.3% during the 4th quarter. Federated Hermes Inc. now owns 8,049 shares of the company’s stock valued at $80,000 after purchasing an additional 1,918 shares during the period. Quantinno Capital Management LP bought a new position in AMC Networks during the 3rd quarter worth $88,000. Finally, FORA Capital LLC acquired a new stake in AMC Networks in the third quarter worth $89,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMCX has been the topic of several analyst reports. Morgan Stanley cut their target price on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 20th. StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.00.

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.