AMC Networks (NASDAQ:AMCX) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Shares of AMC Networks briefly moved above their 200‑day moving average of $8.13, trading as high as $8.62 and last at $8.26 on volume of about 441,851 shares.
• Analysts' consensus is a Strong Sell with a consensus price target of $7.33, despite Wells Fargo raising its target to $10 and Zacks moving the stock to a "hold."
• AMC beat Q4 EPS estimates ($0.64 vs. $0.50) while revenue slipped 0.8% year‑over‑year to $594.8M; insiders own 25.87% of the stock and the CAO recently sold 5,963 shares.

Shares of AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.13 and traded as high as $8.62. AMC Networks shares last traded at $8.26, with a volume of 441,851 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMCX shares. Weiss Ratings reiterated a "sell (d)" rating on shares of AMC Networks in a report on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on shares of AMC Networks from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Thursday, February 12th. Finally, Zacks Research raised shares of AMC Networks from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, AMC Networks presently has a consensus rating of "Strong Sell" and a consensus price target of $7.33.

AMC Networks Stock Down 3.6%

The business's fifty day moving average price is $7.66 and its two-hundred day moving average price is $8.13. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $352.78 million, a P/E ratio of 6.03 and a beta of 1.16.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.14. AMC Networks had a net margin of 3.87% and a return on equity of 11.32%. The company had revenue of $594.80 million during the quarter, compared to analysts' expectations of $581.83 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. AMC Networks's revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts expect that AMC Networks Inc. will post 1.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Michael J. Sherin III sold 5,963 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $7.96, for a total transaction of $47,465.48. Following the sale, the chief accounting officer owned 10,648 shares in the company, valued at approximately $84,758.08. The trade was a 35.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 25.87% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of AMC Networks in the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of AMC Networks by 133.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company's stock valued at $30,000 after purchasing an additional 2,735 shares during the period. Advisory Services Network LLC purchased a new position in shares of AMC Networks in the third quarter worth about $43,000. State of Wyoming acquired a new stake in shares of AMC Networks during the second quarter worth about $51,000. Finally, Meeder Asset Management Inc. purchased a new stake in AMC Networks in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 78.51% of the company's stock.

AMC Networks Company Profile

AMC Networks Inc NASDAQ: AMCX is a global entertainment company that specializes in the development, production and distribution of premium content for television and streaming platforms. Headquartered in New York City, the company operates a portfolio of pay television channels in the U.S. and abroad, and offers direct-to-consumer streaming services that feature both original programming and licensed fare. AMC Networks is best known for critically acclaimed series such as “Breaking Bad,” “Mad Men” and “The Walking Dead,” and it continues to invest in new scripted and unscripted content across a range of genres.

The company's core television networks in the United States include AMC, IFC, Sundance TV and WE tv, while its joint venture with BBC Studios supports BBC America.

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