Insider Selling: AMC Networks Inc. (NASDAQ:AMCX) CAO Sells 4,948 Shares of Stock

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) CAO Michael J. Sherin III sold 4,948 shares of the business's stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $16.11, for a total transaction of $79,712.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

AMC Networks Stock Performance

Shares of AMCX traded up $1.42 during mid-day trading on Wednesday, hitting $17.92. 1,066,261 shares of the company's stock were exchanged, compared to its average volume of 648,962. AMC Networks Inc. has a 52 week low of $9.87 and a 52 week high of $20.97. The stock's 50-day simple moving average is $12.39 and its 200-day simple moving average is $14.85. The firm has a market cap of $780.60 million, a price-to-earnings ratio of 5.02 and a beta of 1.22. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.06.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its earnings results on Friday, May 10th. The company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.63). AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The business had revenue of $596.50 million for the quarter, compared to the consensus estimate of $601.74 million. During the same period in the prior year, the business posted $2.62 earnings per share. The firm's revenue for the quarter was down 16.9% compared to the same quarter last year. On average, equities research analysts expect that AMC Networks Inc. will post 4.93 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in AMC Networks by 206.2% in the third quarter. Signaturefd LLC now owns 2,364 shares of the company's stock valued at $28,000 after acquiring an additional 1,592 shares during the last quarter. GAMMA Investing LLC acquired a new stake in AMC Networks in the fourth quarter valued at approximately $33,000. Public Employees Retirement System of Ohio boosted its position in AMC Networks by 20.2% in the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company's stock valued at $52,000 after buying an additional 737 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in AMC Networks in the first quarter valued at approximately $60,000. Finally, EMC Capital Management boosted its position in AMC Networks by 270.1% in the third quarter. EMC Capital Management now owns 6,292 shares of the company's stock valued at $74,000 after buying an additional 4,592 shares in the last quarter. 78.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on AMCX. Morgan Stanley cut their price objective on shares of AMC Networks from $12.00 to $11.00 and set an "underweight" rating on the stock in a research report on Monday, February 12th. TheStreet raised shares of AMC Networks from a "d+" rating to a "c-" rating in a research report on Tuesday, February 13th. Finally, StockNews.com cut shares of AMC Networks from a "buy" rating to a "hold" rating in a research report on Saturday, February 17th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, AMC Networks presently has a consensus rating of "Hold" and a consensus target price of $11.75.

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.