Two Sigma Advisers LP Boosts Stock Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Two Sigma Advisers LP increased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 93.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 199,400 shares of the company's stock after acquiring an additional 96,500 shares during the period. Two Sigma Advisers LP owned approximately 0.45% of AMC Networks worth $1,974,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in AMC Networks by 45.7% in the 4th quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock worth $35,000 after buying an additional 1,097 shares during the last quarter. R Squared Ltd acquired a new stake in AMC Networks in the 4th quarter worth about $59,000. Federated Hermes Inc. boosted its holdings in AMC Networks by 31.3% in the 4th quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock worth $80,000 after buying an additional 1,918 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in AMC Networks in the 4th quarter worth about $106,000. Finally, Quantinno Capital Management LP boosted its holdings in AMC Networks by 20.7% in the 4th 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 last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other AMC Networks 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 stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the sale, the insider now owns 20,833 shares of the company's stock, valued at $144,789.35. The trade was a 88.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 15.62% of the company's stock.

AMC Networks Trading Up 2.6%

Shares of AMCX stock traded up $0.17 during trading on Tuesday, hitting $6.64. 53,608 shares of the stock traded hands, compared to its average volume of 977,810. The firm has a market capitalization of $298.32 million, a P/E ratio of -1.26 and a beta of 1.43. 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 firm's fifty day moving average price is $6.30 and its 200-day moving average price is $7.94. AMC Networks Inc. has a 52-week low of $5.41 and a 52-week high of $18.58.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its quarterly 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). The firm had revenue of $555.23 million for 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%. The firm's quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 EPS. As a group, research analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley lowered their price objective on 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 research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a research note on Monday, May 12th. UBS Group decreased 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 note on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their target price on shares of AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a research note 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.