AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,582,592 shares of the company's stock after selling 65,470 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.59% of AMC Networks worth $15,667,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMCX. Russell Investments Group Ltd. boosted its stake in shares of AMC Networks by 45.7% during the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock valued at $35,000 after purchasing an additional 1,097 shares in the last quarter. Gabelli Funds LLC lifted its position in AMC Networks by 1.1% during the fourth quarter. Gabelli Funds LLC now owns 133,800 shares of the company's stock valued at $1,325,000 after acquiring an additional 1,500 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of AMC Networks by 2.9% during the fourth quarter. Rhumbline Advisers now owns 60,346 shares of the company's stock worth $597,000 after buying an additional 1,680 shares during the period. Federated Hermes Inc. lifted its stake in shares of AMC Networks by 31.3% during the fourth quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock worth $80,000 after buying an additional 1,918 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of AMC Networks by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 23,102 shares of the company's stock worth $229,000 after buying an additional 2,043 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $6.95, for a total transaction of $1,072,697.75. Following the transaction, the insider now directly owns 20,833 shares of the company's stock, valued at $144,789.35. The trade was a 88.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.62% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMCX shares. JPMorgan Chase & Co. lowered their price objective on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday. Wells Fargo & Company lowered 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 lowered their price target on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating on the stock in a report on Monday. StockNews.com downgraded shares of AMC Networks from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Finally, UBS Group decreased their price objective 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 equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.38.

AMC Networks Price Performance

AMCX traded up $0.20 during midday trading on Tuesday, hitting $6.05. 814,307 shares of the company traded hands, compared to its average volume of 995,478. 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 market capitalization of $267.02 million, a price-to-earnings ratio of -1.15 and a beta of 1.43. AMC Networks Inc. has a 52-week low of $5.41 and a 52-week high of $18.58. The business has a 50 day simple moving average of $6.51 and a two-hundred day simple moving average of $8.17.

AMC Networks (NASDAQ:AMCX - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.21). The business had revenue of $555.23 million during the quarter, compared to analyst estimates of $567.23 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. AMC Networks's quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. On average, equities analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal 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.