AMC Networks (NASDAQ:AMCX) Downgraded to “Hold” at StockNews.com

AMC Networks (NASDAQ:AMCX) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

AMC Networks Stock Down 3.3 %

AMCX opened at $9.34 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $406.85 million, a PE ratio of 2.62 and a beta of 1.31. The stock’s fifty day moving average is $13.80 and its 200-day moving average is $14.53. AMC Networks has a one year low of $8.84 and a one year high of $20.97.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Friday, May 10th. The company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.63). AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The business had revenue of $596.50 million during the quarter, compared to the consensus estimate of $601.74 million. During the same quarter last year, the firm posted $2.62 earnings per share. AMC Networks’s revenue was down 16.9% compared to the same quarter last year. On average, equities analysts predict that AMC Networks will post 4.93 EPS for the current fiscal year.

Insider Buying and Selling at AMC Networks

In other news, insider Kimberly Kelleher sold 10,941 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $17.22, for a total transaction of $188,404.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP James Gallagher sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $15.54, for a total transaction of $388,500.00. Following the sale, the executive vice president now owns 1,659 shares in the company, valued at $25,780.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly Kelleher sold 10,941 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $17.22, for a total transaction of $188,404.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,348 shares of company stock valued at $888,957. Corporate insiders own 25.87% of the company’s stock.

Institutional Trading of AMC Networks

Several large investors have recently added to or reduced their stakes in AMCX. Public Employees Retirement System of Ohio grew its holdings in shares of AMC Networks by 20.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock valued at $52,000 after buying an additional 737 shares in the last quarter. SG Americas Securities LLC boosted its position in AMC Networks by 5.8% during the 4th quarter. SG Americas Securities LLC now owns 16,030 shares of the company’s stock worth $301,000 after acquiring an additional 882 shares during the period. Illinois Municipal Retirement Fund grew its stake in AMC Networks by 6.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 18,428 shares of the company’s stock valued at $346,000 after acquiring an additional 1,172 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AMC Networks by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock valued at $520,000 after purchasing an additional 1,434 shares during the period. Finally, EMC Capital Management lifted its position in shares of AMC Networks by 23.8% in the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock worth $95,000 after purchasing an additional 1,500 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

About AMC Networks

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.