AMC Networks Inc. (NASDAQ:AMCX) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 22.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,465,168 shares of the company's stock after acquiring an additional 267,044 shares during the quarter. D. E. Shaw & Co. Inc. owned 3.32% of AMC Networks worth $14,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of AMC Networks by 45.7% during the 4th quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock valued at $35,000 after purchasing an additional 1,097 shares during the last quarter. Gabelli Funds LLC boosted its position in AMC Networks by 1.1% during the 4th quarter. Gabelli Funds LLC now owns 133,800 shares of the company's stock valued at $1,325,000 after buying an additional 1,500 shares during the period. Price T Rowe Associates Inc. MD raised its position in AMC Networks by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 49,897 shares of the company's stock valued at $494,000 after purchasing an additional 1,589 shares during the last quarter. Rhumbline Advisers boosted its holdings in AMC Networks by 2.9% in the fourth quarter. Rhumbline Advisers now owns 60,346 shares of the company's stock valued at $597,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of AMC Networks by 31.3% during the fourth quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock valued at $80,000 after buying an additional 1,918 shares during the period. 78.51% of the stock is owned by institutional investors.

Insider Activity at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.35. This represents a 88.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.62% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

AMC Networks Trading Up 0.2%

Shares of AMCX traded up $0.02 during trading hours on Monday, reaching $6.25. 91,162 shares of the company traded hands, compared to its average volume of 985,082. AMC Networks Inc. has a 12-month low of $5.41 and a 12-month high of $18.58. The stock's fifty day moving average price is $6.44 and its 200 day moving average price is $8.12. The firm has a market cap of $275.63 million, a price-to-earnings ratio of -1.16 and a beta of 1.43. 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 (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 analysts' consensus estimates of $0.73 by ($0.21). The firm had revenue of $555.23 million during the quarter, compared to analysts' expectations of $567.23 million. AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The firm's quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. Sell-side analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current year.

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.