AMC Networks Inc. (NASDAQ:AMCX) Insider Sells $1,072,697.75 in Stock

AMC Networks Inc. (NASDAQ:AMCX) insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the completion of the transaction, the insider now directly owns 20,833 shares of the company’s stock, valued at approximately $144,789.35. The trade was a 88.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AMC Networks Trading Down 5.4 %

Shares of AMCX stock opened at $6.78 on Friday. AMC Networks Inc. has a 1-year low of $6.59 and a 1-year high of $18.58. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. The stock has a market cap of $299.24 million, a price-to-earnings ratio of -1.29 and a beta of 1.33. The stock has a 50-day moving average of $8.75 and a 200-day moving average of $8.84.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, February 14th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). The firm had revenue of $599.30 million for the quarter, compared to analyst estimates of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. On average, equities research analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Hedge Funds Weigh In On AMC Networks

Hedge funds have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in AMC Networks during the fourth quarter valued at $546,000. PharVision Advisers LLC bought a new stake in shares of AMC Networks during the 4th quarter valued at about $538,000. Two Sigma Advisers LP boosted its position in shares of AMC Networks by 93.8% during the 4th quarter. Two Sigma Advisers LP now owns 199,400 shares of the company’s stock valued at $1,974,000 after purchasing an additional 96,500 shares in the last quarter. Two Sigma Investments LP grew its stake in AMC Networks by 18.8% during the fourth quarter. Two Sigma Investments LP now owns 569,523 shares of the company’s stock worth $5,638,000 after purchasing an additional 90,169 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in AMC Networks in the fourth quarter worth approximately $779,000. Institutional investors own 78.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 20th. StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.00.

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.