AMC Networks Inc. (NASDAQ:AMCX) Receives $5.38 Consensus Price Target from Analysts

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has earned an average recommendation of "Reduce" from the five research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $5.38.

A number of brokerages have commented on AMCX. UBS Group decreased their price objective on 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. decreased their price target on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company dropped their price objective 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. Morgan Stanley cut their price objective on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating for the company in a report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of AMC Networks from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

AMC Networks Stock Performance

Shares of NASDAQ AMCX traded up $0.02 during mid-day trading on Friday, reaching $6.15. 209,587 shares of the company were exchanged, compared to its average volume of 786,356. The stock has a market capitalization of $276.08 million, a P/E ratio of -1.03 and a beta of 1.36. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 2.42. The company's 50-day simple moving average is $6.34 and its 200-day simple moving average is $7.47. AMC Networks has a twelve month low of $5.41 and a twelve month high of $11.57.

AMC Networks (NASDAQ:AMCX - Get Free Report) last issued its quarterly earnings data 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). AMC Networks had a positive return on equity of 17.26% and a negative net margin of 10.68%. The company had revenue of $555.23 million for the quarter, compared to analyst estimates of $567.23 million. During the same quarter last year, the business earned $1.16 earnings per share. The company's revenue was down 6.9% on a year-over-year basis. As a group, research analysts predict that AMC Networks will post 2.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMCX. RWWM Inc. lifted its stake in AMC Networks by 74.3% during the first quarter. RWWM Inc. now owns 2,712,921 shares of the company's stock worth $18,665,000 after purchasing an additional 1,156,267 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of AMC Networks by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 1,715,833 shares of the company's stock worth $16,987,000 after buying an additional 39,581 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in AMC Networks by 333.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company's stock valued at $16,066,000 after buying an additional 1,248,571 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in AMC Networks by 22.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company's stock valued at $14,505,000 after acquiring an additional 267,044 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in AMC Networks by 8.4% during the first quarter. American Century Companies Inc. now owns 893,491 shares of the company's stock worth $6,147,000 after acquiring an additional 69,395 shares in the last quarter. 78.51% of the stock is owned by institutional investors.

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.