AMC Networks Inc. (NASDAQ:AMCX) Receives Consensus Recommendation of "Reduce" from Analysts

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has been given a consensus rating of "Reduce" by the five brokerages that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.38.

AMCX has been the subject of a number of research reports. StockNews.com raised shares of AMC Networks from a "hold" rating to a "buy" rating in a report on Tuesday. Morgan Stanley reduced their price target on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating for the company in a report on Monday. Wells Fargo & Company reduced their price objective on shares of AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a report on Monday. Finally, UBS Group reduced their price objective on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating for the company in a report on Tuesday, April 15th.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $6.14 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. AMC Networks has a 1 year low of $5.41 and a 1 year high of $18.58. The firm's fifty day simple moving average is $6.47 and its 200 day simple moving average is $8.15. The firm has a market capitalization of $271.00 million, a PE ratio of -1.17 and a beta of 1.43.

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

Insider Activity at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks 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 directly owns 20,833 shares of the company's stock, valued at $144,789.35. This trade represents a 88.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AMC Networks

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in AMC Networks by 333.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company's stock valued at $16,066,000 after acquiring an additional 1,248,571 shares in the last quarter. RWWM Inc. increased its position in AMC Networks by 74.3% in the 1st quarter. RWWM Inc. now owns 2,712,921 shares of the company's stock valued at $18,665,000 after acquiring an additional 1,156,267 shares in the last quarter. Contrarius Group Holdings Ltd acquired a new stake in AMC Networks in the 4th quarter valued at about $5,359,000. Readystate Asset Management LP increased its position in AMC Networks by 352.5% in the 1st quarter. Readystate Asset Management LP now owns 405,383 shares of the company's stock valued at $2,789,000 after acquiring an additional 315,787 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in AMC Networks by 2,483.1% in the 4th quarter. Janus Henderson Group PLC now owns 309,090 shares of the company's stock valued at $3,060,000 after acquiring an additional 297,124 shares in the last quarter. 78.51% of the stock is owned by institutional investors.

AMC Networks Company 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.

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