Susquehanna Fundamental Investments LLC Invests $1.52 Million in AMC Networks Inc. (NASDAQ:AMCX)

Susquehanna Fundamental Investments LLC purchased a new position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 153,014 shares of the company's stock, valued at approximately $1,515,000. Susquehanna Fundamental Investments LLC owned about 0.35% of AMC Networks as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMCX. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of AMC Networks during the 4th quarter worth about $574,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of AMC Networks by 3.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 49,897 shares of the company's stock valued at $494,000 after buying an additional 1,589 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in AMC Networks during the 4th quarter worth $152,000. Gabelli Funds LLC boosted its stake in AMC Networks by 1.1% in the fourth quarter. Gabelli Funds LLC now owns 133,800 shares of the company's stock valued at $1,325,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in AMC Networks during the 4th quarter worth approximately $691,000. Institutional investors and hedge funds own 78.51% of the company's stock.

AMC Networks Stock Up 1.7 %

AMC Networks stock traded up $0.11 during midday trading on Tuesday, hitting $6.37. 113,438 shares of the company were exchanged, compared to its average volume of 993,484. The company's fifty day moving average price is $6.59 and its 200-day moving average price is $8.23. The company has a market cap of $280.97 million, a PE ratio of -1.22 and a beta of 1.43. AMC Networks Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $18.58. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The business had revenue of $599.30 million for the quarter, compared to analysts' expectations of $611.26 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. AMC Networks's revenue for the quarter was down 11.7% compared to the same quarter last year. On average, research analysts predict that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMCX shares. StockNews.com cut AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. UBS Group dropped their price objective on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price target on AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley lowered their target price on AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, February 18th. Four research 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.00.

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 25.87% of the company's stock.

AMC Networks 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.