AMC Networks Inc. (NASDAQ:AMCX) Stock Holdings Lifted by RWWM Inc.

RWWM Inc. increased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,556,654 shares of the company's stock after purchasing an additional 266,322 shares during the quarter. AMC Networks accounts for about 1.4% of RWWM Inc.'s investment portfolio, making the stock its 12th largest holding. RWWM Inc. owned approximately 3.53% of AMC Networks worth $15,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. grew 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 acquiring an additional 1,097 shares in the last quarter. R Squared Ltd acquired a new position in AMC Networks in the 4th quarter worth $59,000. Federated Hermes Inc. grew its stake in shares of AMC Networks by 31.3% during the fourth quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock valued at $80,000 after acquiring an additional 1,918 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in shares of AMC Networks during the third quarter worth about $88,000. Finally, MML Investors Services LLC purchased a new position in AMC Networks in the third quarter valued at about $91,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AMC Networks

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the sale, the insider now owns 20,833 shares of the company's stock, valued at approximately $144,789.35. The trade was a 88.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 25.87% of the stock is owned by corporate insiders.

AMC Networks Stock Performance

Shares of AMC Networks stock traded up $0.12 during trading on Friday, hitting $6.10. 300,499 shares of the stock were exchanged, compared to its average volume of 1,000,106. AMC Networks Inc. has a 12 month low of $5.41 and a 12 month high of $18.58. 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 cap of $269.23 million, a PE ratio of -1.16 and a beta of 1.28. The stock's fifty day moving average is $7.11 and its 200 day moving average is $8.38.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). The business had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm's revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, sell-side analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current year.

Wall Street Analysts Forecast Growth

AMCX has been the subject of several research analyst reports. StockNews.com downgraded shares of AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Wells Fargo & Company lowered their price objective on AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a report on Thursday. Morgan Stanley reduced their target price on AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Tuesday, February 18th. Finally, UBS Group reduced their price objective on AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a research note on Tuesday. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AMC Networks currently has an average rating of "Hold" and a consensus price target of $6.50.

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.