88,495 Shares in AMC Networks Inc. (NASDAQ:AMCX) Bought by Numerai GP LLC

Numerai GP LLC acquired a new position in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 88,495 shares of the company's stock, valued at approximately $876,000. Numerai GP LLC owned 0.20% of AMC Networks at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in shares of AMC Networks during the fourth quarter worth approximately $671,000. Janus Henderson Group PLC boosted its stake in shares of AMC Networks by 2,483.1% in the fourth quarter. Janus Henderson Group PLC now owns 309,090 shares of the company's stock valued at $3,060,000 after buying an additional 297,124 shares during the period. Deutsche Bank AG grew its position in AMC Networks by 117.6% during the fourth quarter. Deutsche Bank AG now owns 29,128 shares of the company's stock worth $288,000 after buying an additional 15,744 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in AMC Networks by 22.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company's stock worth $14,505,000 after buying an additional 267,044 shares in the last quarter. Finally, CastleKnight Management LP increased its stake in AMC Networks by 202.8% during the 4th quarter. CastleKnight Management LP now owns 270,100 shares of the company's stock worth $2,674,000 after acquiring an additional 180,889 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AMC Networks

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business's stock in a transaction dated 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 sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 15.62% of the company's stock.

AMC Networks Price Performance

AMC Networks stock traded up $0.04 during midday trading on Tuesday, reaching $6.43. The company's stock had a trading volume of 114,532 shares, compared to its average volume of 984,201. 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 $283.57 million, a PE ratio of -1.22 and a beta of 1.43. AMC Networks Inc. has a 52 week low of $5.41 and a 52 week high of $18.58. The business has a 50-day moving average price of $6.43 and a 200-day moving average price of $8.11.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.21). The company had revenue of $555.23 million for the quarter, compared to the consensus estimate of $567.23 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The company's revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. On average, sell-side analysts predict that AMC Networks Inc. will post 2.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMCX shares. Wells Fargo & Company reduced their target price on AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. StockNews.com raised shares of AMC Networks from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. UBS Group decreased their target price on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday, May 12th. Finally, Morgan Stanley reduced their price target on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating on the stock in a research report on Monday, May 12th. Four research analysts have rated the stock with a sell rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.38.

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.