AQR Capital Management LLC Has $7.58 Million Stock Holdings in AMC Networks Inc. (NASDAQ:AMCX)

AQR Capital Management LLC raised its stake in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 765,298 shares of the company's stock after buying an additional 177,368 shares during the quarter. AQR Capital Management LLC owned about 1.73% of AMC Networks worth $7,576,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. boosted 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. 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 worth $1,325,000 after acquiring an additional 1,500 shares during the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $494,000 after acquiring an additional 1,589 shares during the last quarter. Rhumbline Advisers boosted its position in AMC Networks by 2.9% during the 4th quarter. Rhumbline Advisers now owns 60,346 shares of the company's stock worth $597,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in AMC Networks by 31.3% during the 4th quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock worth $80,000 after acquiring an additional 1,918 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the stock in a transaction on 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 sale, the insider now owns 20,833 shares in the company, valued at approximately $144,789.35. This represents a 88.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.62% of the stock is owned by company insiders.

AMC Networks Stock Up 1.5%

Shares of AMC Networks stock traded up $0.09 on Tuesday, reaching $5.94. 287,035 shares of the company were exchanged, compared to its average volume of 993,364. AMC Networks Inc. has a one year low of $5.41 and a one year high of $18.58. The company has a market capitalization of $262.17 million, a price-to-earnings ratio of -1.13 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. The company has a 50-day moving average of $6.51 and a 200 day moving average of $8.17.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted 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 business had revenue of $555.23 million during the quarter, compared to the consensus estimate of $567.23 million. During the same quarter last year, the company posted $1.16 EPS. The firm's revenue was down 6.9% on a year-over-year basis. On average, equities research analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com downgraded AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Morgan Stanley dropped their price objective on AMC Networks from $6.00 to $5.50 and set an "underweight" rating on the stock in a research note on Monday. UBS Group dropped their price objective on AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company dropped their price objective on AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AMC Networks presently has a consensus rating of "Hold" and an average target price of $5.38.

About AMC Networks

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.