BNP Paribas Financial Markets Reduces Holdings in AMC Networks Inc. (NASDAQ:AMCX)

BNP Paribas Financial Markets decreased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 86.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,271 shares of the company's stock after selling 77,203 shares during the period. BNP Paribas Financial Markets' holdings in AMC Networks were worth $121,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Barclays PLC boosted its stake in shares of AMC Networks by 8.5% during the 3rd quarter. Barclays PLC now owns 554,837 shares of the company's stock worth $4,821,000 after acquiring an additional 43,623 shares in the last quarter. R Squared Ltd acquired a new position in AMC Networks during the fourth quarter worth $59,000. Money Concepts Capital Corp raised its holdings in AMC Networks by 22.5% during the fourth quarter. Money Concepts Capital Corp now owns 45,762 shares of the company's stock worth $453,000 after purchasing an additional 8,419 shares during the last quarter. Empowered Funds LLC boosted its position in AMC Networks by 5.1% during the fourth quarter. Empowered Funds LLC now owns 184,535 shares of the company's stock worth $1,827,000 after purchasing an additional 9,035 shares in the last quarter. Finally, Angeles Wealth Management LLC acquired a new stake in AMC Networks in the fourth quarter valued at $176,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $6.95, for a total value of $1,072,697.75. Following the transaction, the insider now owns 20,833 shares in the company, valued at approximately $144,789.35. This trade represents a 88.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.62% of the stock is owned by company insiders.

Analyst Ratings Changes

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

AMC Networks Trading Down 2.4%

AMC Networks stock traded down $0.16 during trading on Wednesday, reaching $6.47. The company had a trading volume of 476,383 shares, compared to its average volume of 980,210. AMC Networks Inc. has a 12-month low of $5.41 and a 12-month high of $17.96. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. The stock's 50 day moving average price is $6.29 and its two-hundred day moving average price is $7.92. The firm has a market capitalization of $290.68 million, a price-to-earnings ratio of -1.23 and a beta of 1.43.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $555.23 million for the quarter, compared to analysts' expectations of $567.23 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm's quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 earnings per share. As a group, equities analysts expect 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.