Weiss Ratings Reiterates Sell (D) Rating for AMC Networks (NASDAQ:AMCX)

Key Points

• Weiss Ratings has reaffirmed a "sell (d)" rating for AMC Networks, indicating ongoing concerns around the company's stock performance.
• The stock's current trading price is $7.89, with an average price target of $5.38, suggesting a potential decline in value.
• A majority of analysts have rated AMC Networks with sell ratings, highlighting a consensus view that the stock is not a favorable investment at this time.

AMC Networks (NASDAQ:AMCX - Get Free Report)'s stock had its "sell (d)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wells Fargo & Company reiterated an "underweight" rating on shares of AMC Networks in a report on Sunday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $5.38.

AMC Networks Trading Down 0.5%

AMCX traded down $0.04 during trading hours on Wednesday, reaching $7.89. 379,971 shares of the company's stock traded hands, compared to its average volume of 553,288. AMC Networks has a 52-week low of $5.41 and a 52-week high of $10.60. The firm has a market capitalization of $342.27 million, a PE ratio of -1.81 and a beta of 1.47. The firm has a 50-day moving average price of $7.35 and a 200 day moving average price of $6.67. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 2.11.

AMC Networks (NASDAQ:AMCX - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.15. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The business had revenue of $600.02 million during the quarter, compared to analysts' expectations of $582.99 million. During the same period in the prior year, the business earned $1.24 EPS. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. AMC Networks has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that AMC Networks will post 2.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMCX. Wealth Enhancement Advisory Services LLC acquired a new position in shares of AMC Networks in the fourth quarter valued at about $141,000. GAMMA Investing LLC increased its holdings in shares of AMC Networks by 254.1% in the first quarter. GAMMA Investing LLC now owns 5,201 shares of the company's stock valued at $36,000 after purchasing an additional 3,732 shares during the period. RWWM Inc. increased its holdings in shares of AMC Networks by 74.3% in the first quarter. RWWM Inc. now owns 2,712,921 shares of the company's stock valued at $18,665,000 after purchasing an additional 1,156,267 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of AMC Networks by 12.7% in the first quarter. Exchange Traded Concepts LLC now owns 34,771 shares of the company's stock valued at $239,000 after purchasing an additional 3,930 shares during the period. Finally, Money Concepts Capital Corp increased its holdings in shares of AMC Networks by 11.4% in the first quarter. Money Concepts Capital Corp now owns 50,990 shares of the company's stock valued at $351,000 after purchasing an additional 5,228 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

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.

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