AMC Networks Inc. (NASDAQ:AMCX) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 2,483.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,090 shares of the company's stock after purchasing an additional 297,124 shares during the period. Janus Henderson Group PLC owned about 0.70% of AMC Networks worth $3,060,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of AMC Networks by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 1,715,833 shares of the company's stock worth $16,987,000 after purchasing an additional 39,581 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of AMC Networks by 333.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company's stock worth $16,066,000 after purchasing an additional 1,248,571 shares in the last quarter. RWWM Inc. lifted its position in shares of AMC Networks by 20.6% during the fourth quarter. RWWM Inc. now owns 1,556,654 shares of the company's stock worth $15,411,000 after purchasing an additional 266,322 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of AMC Networks by 22.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company's stock worth $14,505,000 after purchasing an additional 267,044 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of AMC Networks by 3.4% during the fourth quarter. American Century Companies Inc. now owns 824,096 shares of the company's stock worth $8,159,000 after purchasing an additional 27,273 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Stock Down 1.1%

Shares of NASDAQ:AMCX traded down $0.07 during midday trading on Friday, reaching $6.20. The company had a trading volume of 547,990 shares, compared to its average volume of 981,120. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38. The stock's fifty day moving average price is $6.37 and its 200-day moving average price is $8.05. The stock has a market capitalization of $278.55 million, a P/E ratio of -1.18 and a beta of 1.43. AMC Networks Inc. has a one year low of $5.41 and a one year high of $18.58.

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

Insider Buying and Selling at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business's stock in a transaction on 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 completion of the sale, the insider now owns 20,833 shares in the company, valued at $144,789.35. The trade was a 88.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.87% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.