Tudor Investment Corp ET AL Buys 104,115 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Tudor Investment Corp ET AL increased its stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 430.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,326 shares of the company's stock after acquiring an additional 104,115 shares during the period. Tudor Investment Corp ET AL owned about 0.29% of AMC Networks worth $1,270,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of AMC Networks by 45.7% in the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock worth $35,000 after purchasing an additional 1,097 shares during the last quarter. R Squared Ltd purchased a new stake in AMC Networks during the 4th quarter valued at $59,000. Federated Hermes Inc. grew its holdings in AMC Networks by 31.3% in the 4th quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock worth $80,000 after acquiring an additional 1,918 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of AMC Networks during the fourth quarter valued at about $106,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of AMC Networks during the fourth quarter worth about $134,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks 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 completion of the sale, the insider now owns 20,833 shares of the company's stock, valued at approximately $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 accessible through this link. 25.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMCX has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price objective 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. UBS Group dropped their target price on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating for the company in a research report on Tuesday, April 15th. StockNews.com cut shares of AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Finally, JPMorgan Chase & Co. cut their price objective on AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 18th. Four investment 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.50.

AMC Networks Price Performance

Shares of AMCX opened at $6.26 on Tuesday. AMC Networks Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $18.58. The firm's 50-day simple moving average is $6.59 and its two-hundred day simple moving average is $8.23. The stock has a market cap of $276.29 million, a PE ratio of -1.19 and a beta of 1.43. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current 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 for the quarter, missing analysts' consensus estimates of $1.05 by ($0.41). AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The company had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. During the same period last year, the business earned $0.72 EPS. The firm's quarterly revenue was down 11.7% on a year-over-year basis. Analysts anticipate that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding AMCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AMC Networks Inc. (NASDAQ:AMCX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.