Caxton Associates LP Sells 14,599 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Caxton Associates LP lessened its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 54.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,292 shares of the company’s stock after selling 14,599 shares during the quarter. Caxton Associates LP’s holdings in AMC Networks were worth $149,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Range Financial Group LLC bought a new position in AMC Networks in the first quarter valued at approximately $160,000. Vanguard Group Inc. lifted its stake in AMC Networks by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after buying an additional 30,721 shares during the period. Empowered Funds LLC acquired a new position in AMC Networks in the first quarter valued at about $1,877,000. Assenagon Asset Management S.A. boosted its holdings in AMC Networks by 152.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 39,895 shares of the company’s stock worth $750,000 after buying an additional 24,085 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of AMC Networks by 20.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 83,358 shares of the company’s stock worth $1,011,000 after buying an additional 14,295 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Stock Down 0.5 %

Shares of NASDAQ AMCX traded down $0.05 during mid-day trading on Tuesday, reaching $11.02. 174,627 shares of the company’s stock were exchanged, compared to its average volume of 959,114. 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 business has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $13.30. AMC Networks Inc. has a twelve month low of $8.84 and a twelve month high of $20.97. The firm has a market capitalization of $480.03 million, a price-to-earnings ratio of 3.10 and a beta of 1.31.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results 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). AMC Networks had a net margin of 6.09% and a return on equity of 23.57%. The company had revenue of $596.50 million during the quarter, compared to the consensus estimate of $601.74 million. During the same period in the previous year, the firm posted $2.62 EPS. The business’s quarterly revenue was down 16.9% compared to the same quarter last year. As a group, equities analysts expect that AMC Networks Inc. will post 4.93 EPS for the current fiscal year.

Insider Transactions at AMC Networks

In other news, CAO Michael J. Sherin III sold 3,000 shares of the business’s 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 transaction, 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 the SEC website. In other AMC Networks news, CFO Patrick O’connell sold 5,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $16.02, for a total value of $80,100.00. Following the transaction, the chief financial officer now directly owns 6,459 shares of the company’s stock, valued at approximately $103,473.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael J. Sherin III sold 3,000 shares of AMC Networks stock in a transaction that occurred on Tuesday, May 14th. The stock was 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 of the company’s stock, valued at $77,238.28. 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 90 days. Corporate insiders own 25.87% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, AMC Networks currently has an average rating of “Hold” and an average target price of $11.75.

AMC Networks 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.