Graham Capital Management L.P. Trims Stake in AMC Networks Inc. (NASDAQ:AMCX)

Graham Capital Management L.P. lowered its stake in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 79.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,236 shares of the company's stock after selling 100,114 shares during the period. Graham Capital Management L.P. owned approximately 0.06% of AMC Networks worth $260,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMCX. Barclays PLC boosted its stake in AMC Networks by 8.5% during the 3rd quarter. Barclays PLC now owns 554,837 shares of the company's stock valued at $4,821,000 after purchasing an additional 43,623 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of AMC Networks by 73.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,214 shares of the company's stock worth $3,252,000 after buying an additional 158,162 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of AMC Networks by 16.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 49,278 shares of the company's stock worth $488,000 after buying an additional 6,914 shares during the last quarter. R Squared Ltd purchased a new position in shares of AMC Networks in the 4th quarter worth approximately $59,000. Finally, Money Concepts Capital Corp boosted its stake in shares of AMC Networks by 22.5% in the 4th quarter. Money Concepts Capital Corp now owns 45,762 shares of the company's stock worth $453,000 after buying an additional 8,419 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

Analysts Set New Price Targets

AMCX has been the topic of a number of research reports. 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, May 12th. JPMorgan Chase & Co. decreased 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. UBS Group reduced their target price 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. 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, Wells Fargo & Company cut their price target 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. Four research analysts have rated the stock with a sell rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AMC Networks has an average rating of "Hold" and an average price target of $5.38.

AMC Networks Stock Down 1.1%

AMCX traded down $0.07 on Friday, hitting $6.20. The company had a trading volume of 547,990 shares, compared to its average volume of 979,802. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38. AMC Networks Inc. has a 52-week low of $5.41 and a 52-week high of $18.58. The stock has a fifty day simple moving average of $6.37 and a 200-day simple moving average of $8.05. The firm has a market capitalization of $278.55 million, a P/E ratio of -1.18 and a beta of 1.43.

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

Insider Buying and Selling at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business'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 completion of the transaction, the insider now directly owns 20,833 shares in the company, valued at $144,789.35. The trade was a 88.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 25.87% of the company's stock.

AMC Networks Company Profile

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.