Jump Financial LLC purchased a new position in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 69,764 shares of the company's stock, valued at approximately $691,000. Jump Financial LLC owned 0.16% of AMC Networks as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in shares of AMC Networks by 45.7% during the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock worth $35,000 after purchasing an additional 1,097 shares during the period. R Squared Ltd acquired a new stake in shares of AMC Networks during the fourth quarter worth approximately $59,000. Federated Hermes Inc. boosted its holdings in shares of AMC Networks by 31.3% during the fourth quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock worth $80,000 after purchasing an additional 1,918 shares during the period. MML Investors Services LLC acquired a new stake in shares of AMC Networks during the third quarter worth approximately $91,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of AMC Networks during the fourth quarter worth approximately $106,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have issued reports on AMCX shares. Morgan Stanley reduced their target price on shares of 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 reduced their target price on shares of AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. reduced their target price 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. StockNews.com cut shares of AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Finally, UBS Group reduced their target price on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating for the company in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, AMC Networks presently has a consensus rating of "Hold" and a consensus target price of $6.50.
View Our Latest Stock Analysis on AMCX
AMC Networks Price Performance
Shares of NASDAQ AMCX remained flat at $6.54 during mid-day trading on Monday. 246,380 shares of the company traded hands, compared to its average volume of 999,567. AMC Networks Inc. has a twelve month low of $5.41 and a twelve month high of $18.58. The company has a market cap of $288.65 million, a price-to-earnings ratio of -1.25 and a beta of 1.28. The firm's 50 day moving average price is $6.71 and its 200-day moving average price is $8.29. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38.
AMC Networks (NASDAQ:AMCX - Get Free Report) 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). 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 for the quarter, compared to analyst estimates of $611.26 million. During the same period last year, the business 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, sell-side analysts predict that AMC Networks Inc. will post 2.62 EPS for the current year.
Insider Buying and Selling
In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $6.95, for a total transaction of $1,072,697.75. Following the completion of the transaction, the insider now owns 20,833 shares in the company, valued at $144,789.35. This trade represents a 88.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.87% of the stock is owned by company insiders.
AMC Networks Profile
(
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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