Bridgeway Capital Management LLC Sells 40,965 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Bridgeway Capital Management LLC trimmed its position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 703,604 shares of the company's stock after selling 40,965 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.59% of AMC Networks worth $6,966,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of AMC Networks by 333.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company's stock valued at $16,066,000 after buying an additional 1,248,571 shares during the last quarter. Contrarius Group Holdings Ltd bought a new position in shares of AMC Networks in the fourth quarter worth about $5,359,000. RWWM Inc. boosted its position in AMC Networks by 20.6% in the 4th quarter. RWWM Inc. now owns 1,556,654 shares of the company's stock valued at $15,411,000 after buying an additional 266,322 shares during the last quarter. AQR Capital Management LLC boosted its holdings in AMC Networks by 30.2% in the fourth quarter. AQR Capital Management LLC now owns 765,298 shares of the company's stock valued at $7,576,000 after acquiring an additional 177,368 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in AMC Networks in the fourth quarter valued at approximately $1,515,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

AMCX has been the subject of a number of research analyst reports. UBS Group decreased their target price on AMC Networks from $8.00 to $6.00 and set a "sell" rating for the company in a research note on Tuesday, April 15th. StockNews.com lowered AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. 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 research report on Thursday, April 17th. JPMorgan Chase & Co. cut their price target on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Tuesday, February 18th. Finally, Morgan Stanley dropped their price target on AMC Networks from $6.00 to $5.50 and set an "underweight" rating for the company in a research note on Monday. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AMC Networks presently has a consensus rating of "Hold" and an average target price of $5.88.

AMC Networks Trading Down 6.8%

Shares of NASDAQ:AMCX traded down $0.43 during midday trading on Monday, hitting $5.90. 213,179 shares of the stock were exchanged, compared to its average volume of 994,117. The business's 50-day moving average price is $6.53 and its 200 day moving average price is $8.19. The stock has a market capitalization of $260.36 million, a price-to-earnings ratio of -1.13 and a beta of 1.43. AMC Networks Inc. has a 12 month low of $5.41 and a 12 month high of $18.58. 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 (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 company had revenue of $555.23 million for the quarter, compared to the consensus estimate of $567.23 million. AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. AMC Networks's revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.16 earnings per share. Analysts predict that AMC Networks Inc. will post 2.62 earnings per share for the current year.

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.