Charles Schwab Investment Management Inc. Has $28.74 Million Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Charles Schwab Investment Management Inc. boosted its holdings in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,529,595 shares of the company's stock after purchasing an additional 155,346 shares during the period. Charles Schwab Investment Management Inc. owned about 3.51% of AMC Networks worth $28,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in AMC Networks by 20.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company's stock worth $52,000 after purchasing an additional 737 shares during the period. SG Americas Securities LLC raised its stake in AMC Networks by 5.8% in the 4th quarter. SG Americas Securities LLC now owns 16,030 shares of the company's stock valued at $301,000 after acquiring an additional 882 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in AMC Networks by 6.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 18,428 shares of the company's stock valued at $346,000 after purchasing an additional 1,172 shares during the last quarter. Swiss National Bank boosted its position in AMC Networks by 2.6% during the third quarter. Swiss National Bank now owns 59,900 shares of the company's stock worth $706,000 after purchasing an additional 1,500 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of 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 purchasing an additional 1,592 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AMC Networks

In other news, CFO Patrick O'connell sold 6,459 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $16.32, for a total transaction of $105,410.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other AMC Networks news, CFO Patrick O'connell sold 6,459 shares of the business's stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $16.32, for a total transaction of $105,410.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael J. Sherin III sold 4,948 shares of AMC Networks stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $16.11, for a total transaction of $79,712.28. The disclosure for this sale can be found here. Insiders have sold 44,407 shares of company stock worth $700,553 in the last quarter. Company insiders own 25.87% of the company's stock.

AMC Networks Price Performance

Shares of AMCX stock traded down $1.42 on Thursday, reaching $16.50. The company had a trading volume of 949,258 shares, compared to its average volume of 651,966. The business's 50-day moving average is $12.48 and its 200 day moving average is $14.86. The stock has a market capitalization of $718.74 million, a PE ratio of 4.62 and a beta of 1.22. AMC Networks Inc. has a one year low of $9.87 and a one year high of $20.97. 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 issued its quarterly earnings results on Friday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.63). The firm had revenue of $596.50 million during the quarter, compared to analyst estimates of $601.74 million. AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The firm's revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.62 EPS. Equities research analysts forecast that AMC Networks Inc. will post 4.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on AMCX shares. Morgan Stanley lowered their price target on shares of AMC Networks from $12.00 to $11.00 and set an "underweight" rating on the stock in a report on Monday, February 12th. StockNews.com downgraded AMC Networks from a "buy" rating to a "hold" rating in a report on Saturday, February 17th. Finally, TheStreet upgraded shares of AMC Networks from a "d+" rating to a "c-" rating in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $11.75.

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.