Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 55,200 AMC Networks Inc. (NASDAQ:AMCX)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 55,200 shares of the company's stock, valued at approximately $546,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.13% of AMC Networks as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AMCX. JPMorgan Chase & Co. raised its position in shares of AMC Networks by 333.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company's stock valued at $16,066,000 after purchasing an additional 1,248,571 shares during the period. Contrarius Group Holdings Ltd bought a new position in AMC Networks in the 4th quarter valued at about $5,359,000. Janus Henderson Group PLC lifted its position in AMC Networks by 2,483.1% during the fourth quarter. Janus Henderson Group PLC now owns 309,090 shares of the company's stock worth $3,060,000 after acquiring an additional 297,124 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in 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 acquiring an additional 267,044 shares during the last quarter. Finally, RWWM Inc. boosted its holdings 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 acquiring an additional 266,322 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

AMC Networks Price Performance

Shares of AMC Networks stock traded up $0.13 on Thursday, reaching $6.60. 596,796 shares of the stock were exchanged, compared to its average volume of 978,682. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market cap of $296.52 million, a PE ratio of -1.26 and a beta of 1.43. The firm's 50 day moving average is $6.29 and its 200-day moving average is $7.92. AMC Networks Inc. has a one year low of $5.41 and a one year high of $17.96.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its 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). The business had revenue of $555.23 million for 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%. During the same quarter in the previous year, the company earned $1.16 earnings per share. The firm's revenue for the quarter was down 6.9% on a year-over-year basis. As a group, analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

Analyst Ratings Changes

AMCX has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. UBS Group lowered their price objective on AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their target price on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday, May 12th. Morgan Stanley decreased their price target on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating on the stock in a research note on Monday, May 12th. Finally, Wall Street Zen upgraded shares of AMC Networks from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a sell rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, AMC Networks has a consensus rating of "Hold" and an average target price of $5.38.

Insider Transactions at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm's stock in a transaction on 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 sale, the insider now owns 20,833 shares of the company's stock, valued at $144,789.35. This trade represents a 88.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 15.62% of the company's stock.

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.