RWWM Inc. Has $18.67 Million Stake in AMC Networks Inc. (NASDAQ:AMCX)

RWWM Inc. boosted its stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 74.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,712,921 shares of the company's stock after purchasing an additional 1,156,267 shares during the period. AMC Networks comprises about 1.5% of RWWM Inc.'s holdings, making the stock its 12th largest holding. RWWM Inc. owned about 6.15% of AMC Networks worth $18,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings 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 worth $35,000 after buying an additional 1,097 shares in the last quarter. Gabelli Funds LLC increased its holdings in AMC Networks by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 133,800 shares of the company's stock worth $1,325,000 after purchasing an additional 1,500 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in AMC Networks by 3.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 49,897 shares of the company's stock worth $494,000 after purchasing an additional 1,589 shares in the last quarter. Rhumbline Advisers raised its position in AMC Networks by 2.9% in the fourth quarter. Rhumbline Advisers now owns 60,346 shares of the company's stock valued at $597,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Federated Hermes Inc. boosted 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 valued at $80,000 after purchasing an additional 1,918 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised shares of AMC Networks from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley dropped their price target on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. cut their price target on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. Finally, UBS Group reduced their price objective on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AMC Networks currently has a consensus rating of "Hold" and a consensus price target of $5.38.

AMC Networks Trading Down 0.5%

NASDAQ:AMCX traded down $0.03 on Wednesday, reaching $6.03. 424,629 shares of the stock traded hands, compared to its average volume of 937,662. AMC Networks Inc. has a 1-year low of $5.41 and a 1-year high of $11.57. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 2.42. The company's 50 day moving average is $6.34 and its 200-day moving average is $7.74. The firm has a market capitalization of $270.93 million, a price-to-earnings ratio of -1.02 and a beta of 1.38.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.21). AMC Networks had a negative net margin of 10.68% and a positive return on equity of 17.26%. The firm had revenue of $555.23 million during the quarter, compared to analyst estimates of $567.23 million. During the same quarter in the previous year, the firm earned $1.16 EPS. AMC Networks's quarterly revenue was down 6.9% on a year-over-year basis. Equities research analysts anticipate that AMC Networks Inc. will post 2.62 EPS 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.