AMC Networks Inc. (NASDAQ:AMCX) Receives Average Recommendation of “Reduce” from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been assigned a consensus recommendation of “Reduce” from the four brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.00.

Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 20th. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, February 18th.

AMC Networks Price Performance

Shares of AMCX stock opened at $6.86 on Wednesday. The firm has a fifty day moving average of $8.14 and a two-hundred day moving average of $8.60. The firm has a market cap of $302.77 million, a P/E ratio of -1.31 and a beta of 1.33. AMC Networks has a 1-year low of $6.56 and a 1-year high of $18.58. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.64 earnings per share 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 during the quarter, compared to the consensus estimate of $611.26 million. During the same period in the prior year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, research analysts anticipate that AMC Networks will post 2.62 earnings per share for the current fiscal year.

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $6.95, for a total value of $1,072,697.75. Following the transaction, the insider now owns 20,833 shares of the company’s stock, valued at $144,789.35. The trade was a 88.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 25.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMCX. DRW Securities LLC acquired a new stake in shares of AMC Networks during the third quarter valued at approximately $120,000. BNP Paribas Financial Markets raised its stake in shares of AMC Networks by 163.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock worth $778,000 after purchasing an additional 55,565 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of AMC Networks during the 3rd quarter valued at about $89,000. Martingale Asset Management L P acquired a new stake in shares of AMC Networks during the 3rd quarter valued at about $95,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AMC Networks in the 3rd quarter valued at approximately $444,000. Institutional investors own 78.51% of the company’s stock.

About AMC Networks

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.