PharVision Advisers LLC Decreases Stock Holdings in AMC Networks Inc. $AMCX

PharVision Advisers LLC trimmed its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 79.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,290 shares of the company's stock after selling 43,077 shares during the quarter. PharVision Advisers LLC's holdings in AMC Networks were worth $78,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in AMC Networks during the first quarter valued at approximately $31,000. GAMMA Investing LLC lifted its holdings in AMC Networks by 254.1% during the first quarter. GAMMA Investing LLC now owns 5,201 shares of the company's stock valued at $36,000 after purchasing an additional 3,732 shares in the last quarter. US Bancorp DE lifted its holdings in AMC Networks by 3,351.9% during the first quarter. US Bancorp DE now owns 10,045 shares of the company's stock valued at $69,000 after purchasing an additional 9,754 shares in the last quarter. Algert Global LLC purchased a new position in AMC Networks during the first quarter valued at approximately $73,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of AMC Networks by 20.7% in 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 in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reissued an "underweight" rating on shares of AMC Networks in a report on Sunday, August 10th. One analyst has rated the stock with a Strong Buy rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, AMC Networks currently has a consensus rating of "Reduce" and a consensus target price of $5.38.

AMC Networks Price Performance

Shares of AMCX stock traded up $0.25 during mid-day trading on Friday, hitting $8.23. The company had a trading volume of 745,124 shares, compared to its average volume of 401,731. AMC Networks Inc. has a 52-week low of $5.41 and a 52-week high of $10.60. The stock's 50 day moving average price is $6.68 and its 200-day moving average price is $6.54. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $357.02 million, a P/E ratio of -1.88 and a beta of 1.40.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.15. The company had revenue of $600.02 million for the quarter, compared to the consensus estimate of $582.99 million. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. AMC Networks's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. AMC Networks has set its FY 2025 guidance at EPS. Equities research analysts forecast that AMC Networks Inc. will post 2.62 earnings per share 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.