AMC Networks Inc. (NASDAQ:AMCX) Receives Average Rating of “Strong Sell” from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have earned an average recommendation of “Strong Sell” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $11.75.

Separately, StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, June 24th.

AMC Networks Price Performance

AMCX opened at $9.66 on Monday. The business has a fifty day moving average of $13.83 and a 200 day moving average of $14.61. The stock has a market cap of $420.79 million, a P/E ratio of 2.71 and a beta of 1.36. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.06. AMC Networks has a 52-week low of $8.84 and a 52-week high of $20.97.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Friday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.63). The company had revenue of $596.50 million for the quarter, compared to analysts’ expectations of $601.74 million. AMC Networks had a net margin of 6.09% and a return on equity of 23.57%. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.62 earnings per share. As a group, sell-side analysts anticipate that AMC Networks will post 4.93 EPS for the current year.

Insiders Place Their Bets

In other news, EVP James Gallagher sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $15.54, for a total value of $388,500.00. Following the completion of the sale, the executive vice president now owns 1,659 shares in the company, valued at approximately $25,780.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, 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 directly owns 4,948 shares in the company, valued at approximately $77,238.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Gallagher sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $15.54, for a total transaction of $388,500.00. Following the transaction, the executive vice president now owns 1,659 shares of the company’s stock, valued at approximately $25,780.86. The disclosure for this sale can be found here. Insiders have sold a total of 55,348 shares of company stock worth $888,957 in the last three months. Corporate insiders own 25.87% of the company’s stock.

Institutional Investors Weigh In On AMC Networks

Several institutional investors have recently bought and sold shares of AMCX. Vanguard Group Inc. lifted its holdings in shares of AMC Networks by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after purchasing an additional 30,721 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in AMC Networks by 11.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,529,595 shares of the company’s stock worth $28,741,000 after acquiring an additional 155,346 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of AMC Networks by 2.0% during the fourth quarter. Schroder Investment Management Group now owns 1,010,729 shares of the company’s stock worth $18,992,000 after acquiring an additional 19,794 shares during the last quarter. Invesco Ltd. increased its holdings in shares of AMC Networks by 6.2% during the third quarter. Invesco Ltd. now owns 528,954 shares of the company’s stock valued at $6,231,000 after acquiring an additional 30,646 shares in the last quarter. Finally, RWWM Inc. increased its holdings in shares of AMC Networks by 193.7% during the fourth quarter. RWWM Inc. now owns 515,432 shares of the company’s stock valued at $9,682,000 after acquiring an additional 339,912 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.