JPMorgan Chase & Co. Issues Pessimistic Forecast for AMC Networks (NASDAQ:AMCX) Stock Price

AMC Networks (NASDAQ:AMCX - Free Report) had its price target decreased by JPMorgan Chase & Co. from $8.00 to $6.00 in a report issued on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other equities analysts have also recently weighed in on AMCX. StockNews.com cut AMC Networks from a "buy" rating to a "hold" rating in a report on Monday, February 17th. 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 research note on Monday. Wells Fargo & Company reduced their price target on shares of AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group reduced their price objective on AMC Networks from $8.00 to $6.00 and set a "sell" rating for the company in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AMC Networks presently has an average rating of "Hold" and an average price target of $5.38.

AMC Networks Trading Down 1.5%

AMC Networks stock traded down $0.09 during trading on Monday, hitting $6.05. The company's stock had a trading volume of 112,243 shares, compared to its average volume of 551,803. AMC Networks has a 1-year low of $5.41 and a 1-year high of $18.58. The stock's fifty day moving average is $6.47 and its 200 day moving average is $8.15. 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 stock has a market capitalization of $267.02 million, a price-to-earnings ratio of -1.15 and a beta of 1.43.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.52 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $567.23 million. During the same quarter in the previous year, the company earned $1.16 earnings per share. The company's quarterly revenue was down 6.9% on a year-over-year basis. As a group, equities research analysts predict that AMC Networks will post 2.62 EPS for the current year.

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 dated Monday, March 10th. The shares were sold at an average price of $6.95, for a total value of $1,072,697.75. Following the sale, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.35. The trade was a 88.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.62% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of AMC Networks in the first quarter worth about $31,000. Russell Investments Group Ltd. grew its stake in shares of AMC Networks by 45.7% in the 4th quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock valued at $35,000 after buying an additional 1,097 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of AMC Networks by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company's stock worth $36,000 after purchasing an additional 3,732 shares during the last quarter. R Squared Ltd acquired a new position in AMC Networks during the fourth quarter worth $59,000. Finally, US Bancorp DE raised its stake in shares of AMC Networks by 3,351.9% in the 1st quarter. US Bancorp DE now owns 10,045 shares of the company's stock valued at $69,000 after acquiring an additional 9,754 shares in the last quarter. Institutional investors own 78.51% 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.