Analysts Set AMC Networks Inc. (NASDAQ:AMCX) Price Target at $6.50

Shares of AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) have received an average rating of "Reduce" from the five analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $6.50.

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target 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. Morgan Stanley dropped their price target on AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Tuesday, February 18th. StockNews.com cut AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Finally, Wells Fargo & Company cut 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 report on Thursday, April 17th.

AMC Networks Stock Up 0.1 %

Shares of NASDAQ AMCX traded up $0.01 during trading on Friday, hitting $6.25. 20,092 shares of the company traded hands, compared to its average volume of 997,005. The firm has a market capitalization of $275.63 million, a price-to-earnings ratio of -1.19 and a beta of 1.28. The business's fifty day moving average is $6.84 and its 200 day moving average is $8.32. 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 has a fifty-two week low of $5.41 and a fifty-two week high of $18.58.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing the consensus estimate 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 business had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The company's revenue was down 11.7% on a year-over-year basis. Equities research analysts predict that AMC Networks will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 20,833 shares in the company, valued at $144,789.35. This represents a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 25.87% of the stock is owned by insiders.

Institutional Trading of AMC Networks

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its holdings in shares of AMC Networks by 45.7% in the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock worth $35,000 after acquiring an additional 1,097 shares during the period. GAMMA Investing LLC grew its stake in shares of AMC Networks by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company's stock valued at $36,000 after purchasing an additional 3,732 shares during the period. R Squared Ltd purchased a new stake in shares of AMC Networks during the 4th quarter valued at about $59,000. Federated Hermes Inc. lifted its stake in shares of AMC Networks by 31.3% in the 4th 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. Finally, MML Investors Services LLC purchased a new position in shares of AMC Networks in the third quarter worth approximately $91,000. 78.51% of the stock is currently 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.