AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. lessened its stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 79.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,236 shares of the company's stock after selling 100,114 shares during the quarter. Graham Capital Management L.P. owned 0.06% of AMC Networks worth $260,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in AMC Networks by 8.5% in the third quarter. Barclays PLC now owns 554,837 shares of the company's stock valued at $4,821,000 after acquiring an additional 43,623 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 valued at $3,252,000 after purchasing an additional 158,162 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position 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 valued at $488,000 after purchasing an additional 6,914 shares during the last quarter. R Squared Ltd acquired a new stake in shares of AMC Networks in the 4th quarter valued at $59,000. Finally, Money Concepts Capital Corp lifted its position in shares of AMC Networks by 22.5% during the 4th 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. Hedge funds and other institutional investors own 78.51% of the company's stock.

Insider Activity at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $6.95, for a total transaction of $1,072,697.75. Following the transaction, the insider now owns 20,833 shares of the company's stock, valued at $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 available through this link. 25.87% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on AMCX. StockNews.com raised AMC Networks from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group dropped their price objective on AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company cut their target price on AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday, May 12th. Finally, Morgan Stanley dropped their price target on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating on the stock in a research note on Monday, May 12th. Four equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.38.

AMC Networks Stock Performance

NASDAQ AMCX traded down $0.20 during trading hours on Wednesday, hitting $6.27. The company had a trading volume of 545,625 shares, compared to its average volume of 984,332. The business has a 50 day moving average of $6.42 and a 200-day moving average of $8.09. The company has a market cap of $281.69 million, a PE ratio of -1.19 and a beta of 1.43. AMC Networks Inc. has a 1-year low of $5.41 and a 1-year 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 for the quarter, missing analysts' consensus estimates of $0.73 by ($0.21). The firm had revenue of $555.23 million during 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%. AMC Networks's quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. As a group, equities research analysts expect that AMC Networks Inc. will post 2.62 EPS for the current year.

AMC Networks 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.