Two Sigma Investments LP Boosts Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Two Sigma Investments LP raised its holdings in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 569,523 shares of the company's stock after purchasing an additional 90,169 shares during the quarter. Two Sigma Investments LP owned 1.29% of AMC Networks worth $5,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMCX. Russell Investments Group Ltd. raised its position in 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 purchasing an additional 1,097 shares during the period. R Squared Ltd purchased a new stake in AMC Networks in the fourth quarter valued at $59,000. Federated Hermes Inc. raised its position in 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 purchasing an additional 1,918 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in AMC Networks in the fourth quarter valued at $106,000. Finally, Quantinno Capital Management LP raised its holdings in shares of AMC Networks by 20.7% in the 4th quarter. Quantinno Capital Management LP now owns 12,255 shares of the company's stock valued at $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.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. Wall Street Zen upgraded AMC Networks from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group cut 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 price objective on AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley cut 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. Four research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $5.38.

Insiders Place Their Bets

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the company'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 completion of the transaction, the insider now directly owns 20,833 shares of the company's stock, valued at approximately $144,789.35. This represents a 88.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.62% of the stock is owned by company insiders.

AMC Networks Stock Up 1.8%

NASDAQ AMCX traded up $0.12 during trading hours on Thursday, hitting $6.64. 441,761 shares of the company were exchanged, compared to its average volume of 978,245. The company has a 50 day moving average of $6.33 and a two-hundred day moving average of $8.01. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 2.63. AMC Networks Inc. has a 52-week low of $5.41 and a 52-week high of $18.58. The firm has a market cap of $298.32 million, a price-to-earnings ratio of -1.26 and a beta of 1.43.

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 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 company had revenue of $555.23 million for the quarter, compared to analysts' expectations of $567.23 million. During the same quarter last year, the company earned $1.16 EPS. AMC Networks's revenue for the quarter was down 6.9% compared to the same quarter last year. Equities research analysts anticipate that AMC Networks Inc. will post 2.62 earnings per share for the current year.

AMC Networks Company 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.