AMC Networks (NASDAQ:AMCX) Stock Rating Lowered by StockNews.com

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

AMC Networks Stock Up 0.9 %

NASDAQ AMCX opened at $9.72 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.06. The stock’s 50 day moving average is $13.67 and its two-hundred day moving average is $14.32. The company has a market capitalization of $423.19 million, a price-to-earnings ratio of 2.72 and a beta of 1.30. AMC Networks has a 1-year low of $8.84 and a 1-year high of $20.97.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Friday, May 10th. The company reported $1.16 earnings per share 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 analyst estimates 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 previous year, the firm posted $2.62 earnings per share. Equities analysts forecast that AMC Networks will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at AMC Networks

In other news, EVP James Gallagher sold 25,000 shares of AMC Networks stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,659 shares in the company, valued at $25,780.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP James Gallagher sold 25,000 shares of AMC Networks stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,659 shares in the company, valued at $25,780.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Kelleher sold 10,941 shares of AMC Networks stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 valued at $888,957. 25.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AMCX. Vanguard Group Inc. raised its position in AMC Networks by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock worth $41,145,000 after purchasing an additional 30,721 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in AMC Networks by 11.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,529,595 shares of the company’s stock worth $28,741,000 after purchasing an additional 155,346 shares during the last quarter. Schroder Investment Management Group raised its position in AMC Networks by 2.0% in the 4th quarter. Schroder Investment Management Group now owns 1,010,729 shares of the company’s stock worth $18,992,000 after purchasing an additional 19,794 shares during the last quarter. Invesco Ltd. raised its position in AMC Networks by 6.2% in the 3rd quarter. Invesco Ltd. now owns 528,954 shares of the company’s stock worth $6,231,000 after purchasing an additional 30,646 shares during the last quarter. Finally, RWWM Inc. raised its position in AMC Networks by 193.7% in the 4th quarter. RWWM Inc. now owns 515,432 shares of the company’s stock worth $9,682,000 after purchasing an additional 339,912 shares during the last quarter. 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.