AMC Networks Inc. (NASDAQ:AMCX) Receives Average Recommendation of "Reduce" from Brokerages

Key Points

• AMC Networks Inc. has received an average recommendation of "Reduce" from five analysts, with four recommending a sell and one a strong buy.
• The company's stock has a 1-year price target of $5.3750 and has shown a negative net margin of 7.42% in its latest quarterly earnings report.
• Institutional investors hold 78.51% of AMC Networks' stock, with significant increases in holdings from several hedge funds in recent quarters.

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has earned an average recommendation of "Reduce" from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $5.3750.

Separately, Wells Fargo & Company reiterated an "underweight" rating on shares of AMC Networks in a research report on Sunday, August 10th.

AMC Networks Stock Up 0.4%

Shares of AMC Networks stock traded up $0.03 during trading on Wednesday, reaching $8.40. 1,269,963 shares of the company traded hands, compared to its average volume of 394,773. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.07 and a quick ratio of 2.07. AMC Networks has a 1-year low of $5.41 and a 1-year high of $10.60. The company has a 50 day moving average price of $6.91 and a 200-day moving average price of $6.59. The firm has a market capitalization of $364.39 million, a PE ratio of -1.92 and a beta of 1.40.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. The company had revenue of $600.02 million for the quarter, compared to the consensus estimate of $582.99 million. During the same quarter in the previous year, the company earned $1.24 EPS. AMC Networks's quarterly revenue was down 4.1% compared to the same quarter last year. AMC Networks has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that AMC Networks will post 2.62 earnings per share for the current fiscal year.

Institutional Trading of AMC Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. RWWM Inc. increased its stake in AMC Networks by 22.7% during the 2nd quarter. RWWM Inc. now owns 3,330,026 shares of the company's stock valued at $20,879,000 after purchasing an additional 617,105 shares in the last quarter. Marshall Wace LLP increased its stake in AMC Networks by 39.2% during the 2nd quarter. Marshall Wace LLP now owns 1,419,545 shares of the company's stock valued at $8,901,000 after purchasing an additional 399,478 shares in the last quarter. American Century Companies Inc. increased its stake in AMC Networks by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 995,837 shares of the company's stock valued at $6,244,000 after purchasing an additional 102,346 shares in the last quarter. Geode Capital Management LLC increased its stake in AMC Networks by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 933,023 shares of the company's stock valued at $5,851,000 after purchasing an additional 36,203 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in AMC Networks by 0.8% during the 1st quarter. Bridgeway Capital Management LLC now owns 709,173 shares of the company's stock valued at $4,879,000 after purchasing an additional 5,569 shares in the last quarter. 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.