Aquatic Capital Management LLC Lowers Position in AMC Networks Inc. (NASDAQ:AMCX)

Aquatic Capital Management LLC reduced its position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 56.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,372 shares of the company's stock after selling 44,428 shares during the period. Aquatic Capital Management LLC owned about 0.08% of AMC Networks worth $340,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in AMC Networks by 45.7% during the 4th 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 last quarter. R Squared Ltd acquired a new position in shares of AMC Networks during the fourth quarter worth about $59,000. Federated Hermes Inc. grew its position 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 valued at $80,000 after acquiring an additional 1,918 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of AMC Networks during the fourth quarter worth approximately $106,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of AMC Networks during the 4th quarter worth $134,000. 78.51% of the stock is currently owned by institutional investors.

AMC Networks Stock Down 0.9 %

NASDAQ AMCX traded down $0.06 on Thursday, reaching $6.57. 142,277 shares of the stock traded hands, compared to its average volume of 994,140. The company has a market cap of $289.97 million, a price-to-earnings ratio of -1.25 and a beta of 1.43. The company has a fifty day moving average price of $6.56 and a 200-day moving average price of $8.21. 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 Inc. has a 12 month low of $5.41 and a 12 month high of $18.58.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $599.30 million for the quarter, compared to analyst estimates of $611.26 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company's quarterly revenue was down 11.7% on a year-over-year basis. As a group, research analysts forecast that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Tuesday, February 18th. Morgan Stanley cut their target price on AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a research report on Tuesday. UBS Group decreased their price target 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. Wells Fargo & Company cut 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. Finally, StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $6.00.

Insider Transactions at AMC Networks

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the completion of the sale, the insider now directly owns 20,833 shares of the company's stock, valued at approximately $144,789.35. The trade was a 88.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 25.87% of the company's stock.

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.