AMC Networks (NASDAQ:AMCX) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of AMC Networks (NASDAQ:AMCX) from a hold rating to a buy rating in a research report report published on Monday.

AMC Networks Price Performance

AMCX stock opened at $9.18 on Monday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.85 and a current ratio of 1.85. The business has a 50-day simple moving average of $13.86 and a two-hundred day simple moving average of $14.70. The company has a market capitalization of $399.88 million, a P/E ratio of 2.57 and a beta of 1.36. AMC Networks has a 52-week low of $8.84 and a 52-week high of $20.97.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Friday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.63). AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The company had revenue of $596.50 million for the quarter, compared to the consensus estimate of $601.74 million. During the same quarter last year, the company posted $2.62 EPS. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. Research analysts expect that AMC Networks will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling

In other AMC Networks news, insider Kimberly Kelleher sold 10,941 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $17.22, for a total value of $188,404.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Michael J. Sherin III sold 3,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $15.61, for a total transaction of $46,830.00. Following the completion of the transaction, the chief accounting officer now owns 4,948 shares in the company, valued at $77,238.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kimberly Kelleher sold 10,941 shares of AMC Networks stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $17.22, for a total transaction of $188,404.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,348 shares of company stock worth $888,957. 25.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in AMC Networks during the fourth quarter valued at about $33,000. Public Employees Retirement System of Ohio boosted its holdings in AMC Networks by 20.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock worth $52,000 after buying an additional 737 shares during the period. EntryPoint Capital LLC purchased a new position in AMC Networks in the 1st quarter valued at approximately $60,000. PNC Financial Services Group Inc. raised its holdings in AMC Networks by 70.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,887 shares of the company’s stock valued at $81,000 after acquiring an additional 2,849 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of AMC Networks by 98.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock worth $81,000 after acquiring an additional 2,146 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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.