Fuller & Thaler Asset Management Inc. purchased a new position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 57,960 shares of the company's stock, valued at approximately $574,000. Fuller & Thaler Asset Management Inc. owned approximately 0.13% of AMC Networks as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AMCX. Price T Rowe Associates Inc. MD lifted its position in shares of AMC Networks by 3.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 49,897 shares of the company's stock worth $494,000 after purchasing an additional 1,589 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of AMC Networks in the 4th quarter worth approximately $152,000. Gabelli Funds LLC increased its holdings in shares of AMC Networks by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 133,800 shares of the company's stock valued at $1,325,000 after acquiring an additional 1,500 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of AMC Networks during the 4th quarter valued at approximately $691,000. Finally, XTX Topco Ltd lifted its stake in AMC Networks by 56.1% during the fourth quarter. XTX Topco Ltd now owns 75,053 shares of the company's stock worth $743,000 after purchasing an additional 26,960 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.
AMC Networks Price Performance
Shares of NASDAQ:AMCX traded down $0.07 during trading on Friday, reaching $6.24. The company had a trading volume of 108,209 shares, compared to its average volume of 994,128. AMC Networks Inc. has a twelve month low of $5.41 and a twelve month high of $18.58. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $275.19 million, a PE ratio of -1.19 and a beta of 1.28. The firm's fifty day moving average is $6.63 and its 200 day moving average is $8.25.
AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.41). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. 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 posted $0.72 EPS. The firm's quarterly revenue was down 11.7% on a year-over-year basis. On average, equities analysts forecast that AMC Networks Inc. will post 2.62 EPS for the current year.
Analyst Ratings Changes
Several research firms have weighed in on AMCX. StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. UBS Group dropped their price objective on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley decreased their target price 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. Wells Fargo & Company lowered their price objective on AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. cut their target price on AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $6.50.
Read Our Latest Stock Report on AMCX
Insider Buying and Selling
In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.95, for a total transaction of $1,072,697.75. Following the transaction, the insider now owns 20,833 shares in the company, valued at approximately $144,789.35. The trade was a 88.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 25.87% of the stock is currently owned by insiders.
About AMC Networks
(
Free Report)
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.
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