AMC Networks Inc. (NASDAQ:AMCX) Stock Holdings Decreased by Marshall Wace LLP

Marshall Wace LLP decreased its position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 911,547 shares of the company's stock after selling 115,528 shares during the quarter. Marshall Wace LLP owned about 2.07% of AMC Networks worth $9,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC raised its stake in AMC Networks by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 133,800 shares of the company's stock valued at $1,325,000 after purchasing an additional 1,500 shares during the last quarter. Jump Financial LLC acquired a new position in AMC Networks in the 4th quarter valued at about $691,000. XTX Topco Ltd lifted its holdings in shares of AMC Networks by 56.1% during the 4th quarter. XTX Topco Ltd now owns 75,053 shares of the company's stock worth $743,000 after acquiring an additional 26,960 shares during the period. Mariner LLC acquired a new stake in shares of AMC Networks in the fourth quarter worth approximately $208,000. Finally, RWWM Inc. grew its holdings in AMC Networks by 20.6% in the fourth quarter. RWWM Inc. now owns 1,556,654 shares of the company's stock valued at $15,411,000 after purchasing an additional 266,322 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Analyst Ratings Changes

AMCX has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley decreased their price target on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Thursday, February 20th. StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a report on Monday, February 17th. JPMorgan Chase & Co. decreased their price target on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, February 18th. Finally, UBS Group decreased 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. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $6.50.

Insiders Place Their Bets

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $6.95, for a total value of $1,072,697.75. Following the transaction, the insider now owns 20,833 shares in the company, valued at $144,789.35. The trade was a 88.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 25.87% of the stock is currently owned by company insiders.

AMC Networks Stock Performance

Shares of NASDAQ:AMCX remained flat at $6.54 during midday trading on Monday. 246,380 shares of the company traded hands, compared to its average volume of 999,567. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $288.65 million, a P/E ratio of -1.25 and a beta of 1.28. The firm has a fifty day moving average price of $6.71 and a two-hundred day moving average price of $8.29. AMC Networks Inc. has a 1-year low of $5.41 and a 1-year 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 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). The business had revenue of $599.30 million for the quarter, compared to analyst estimates of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The business's revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, equities research analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current fiscal 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.