Tudor Investment Corp ET AL raised its position in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 430.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,326 shares of the company's stock after buying an additional 104,115 shares during the quarter. Tudor Investment Corp ET AL owned about 0.29% of AMC Networks worth $1,270,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in AMC Networks by 45.7% during the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock valued at $35,000 after buying an additional 1,097 shares during the period. R Squared Ltd purchased a new position in AMC Networks during the fourth quarter valued at $59,000. Federated Hermes Inc. lifted its position in 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 buying an additional 1,918 shares during the period. Concurrent Investment Advisors LLC purchased a new position in AMC Networks during the fourth quarter valued at $106,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in AMC Networks during the fourth quarter valued at $134,000. Hedge funds and other institutional investors own 78.51% of the company's stock.
Insider Buying and Selling at AMC Networks
In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the stock in a transaction on 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 transaction, the insider now owns 20,833 shares of the company's stock, valued at approximately $144,789.35. This represents a 88.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.62% of the stock is currently owned by corporate insiders.
AMC Networks Trading Up 2.3%
NASDAQ:AMCX traded up $0.14 during midday trading on Friday, hitting $6.33. 1,115,506 shares of the company traded hands, compared to its average volume of 997,097. The firm's fifty day moving average is $6.53 and its 200-day moving average is $8.19. AMC Networks Inc. has a 12-month low of $5.41 and a 12-month high of $18.58. The firm has a market capitalization of $279.38 million, a P/E ratio of -1.21 and a beta of 1.43. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63.
AMC Networks (NASDAQ:AMCX - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.21). The company had revenue of $555.23 million for the quarter, compared to analysts' expectations of $567.23 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The business's quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. On average, sell-side analysts predict that AMC Networks Inc. will post 2.62 EPS for the current year.
Analyst Ratings Changes
AMCX has been the subject of several recent analyst reports. UBS Group lowered their price target on 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 lowered AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. JPMorgan Chase & Co. decreased their target price on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. Finally, Morgan Stanley decreased their target price on AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, AMC Networks currently has an average rating of "Hold" and an average price target of $6.00.
Read Our Latest Research Report on AMC Networks
About AMC Networks
(
Free Report)
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.
Featured Articles
Before you consider AMC Networks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AMC Networks wasn't on the list.
While AMC Networks currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
