54,367 Shares in AMC Networks Inc. (NASDAQ:AMCX) Purchased by PharVision Advisers LLC

PharVision Advisers LLC acquired a new stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,367 shares of the company's stock, valued at approximately $538,000. PharVision Advisers LLC owned 0.12% of AMC Networks as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of AMC Networks by 45.7% in the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock valued at $35,000 after acquiring an additional 1,097 shares in the last quarter. R Squared Ltd acquired a new stake in AMC Networks in the fourth quarter valued at about $59,000. Federated Hermes Inc. boosted its stake in shares of AMC Networks by 31.3% in the fourth quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock valued at $80,000 after buying an additional 1,918 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of AMC Networks during the 4th quarter worth $106,000. Finally, Quantinno Capital Management LP grew its position in AMC Networks by 20.7% during the fourth quarter. Quantinno Capital Management LP now owns 12,255 shares of the company's stock worth $121,000 after buying an additional 2,102 shares during the period. Hedge funds and other institutional investors own 78.51% of the company's stock.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following 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 SEC, which is available through this link. Insiders own 15.62% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AMCX. 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. 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 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 report on Monday, May 12th. Wall Street Zen raised shares of AMC Networks from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, 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. Four 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. According to MarketBeat, AMC Networks presently has a consensus rating of "Hold" and an average price target of $5.38.

AMC Networks Stock Performance

Shares of AMC Networks stock traded down $0.07 during trading on Monday, hitting $6.20. 547,990 shares of the stock were exchanged, compared to its average volume of 981,120. 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 Inc. has a 12 month low of $5.41 and a 12 month high of $18.58. The stock's fifty day moving average is $6.37 and its 200 day moving average is $8.05. The stock has a market cap of $278.55 million, a PE ratio of -1.18 and a beta of 1.43.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its earnings results 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 firm had revenue of $555.23 million during the quarter, compared to the consensus estimate of $567.23 million. During the same quarter last year, the company posted $1.16 EPS. AMC Networks's revenue for the quarter was down 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current 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.