AMC Networks (NASDAQ:AMCX) Price Target Lowered to $8.00 at JPMorgan Chase & Co.

AMC Networks (NASDAQ:AMCX) had its price objective reduced by JPMorgan Chase & Co. from $9.00 to $8.00 in a research note published on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley dropped their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, AMC Networks presently has a consensus rating of “Hold” and an average price target of $8.33.

AMC Networks Trading Down 5.3 %

NASDAQ:AMCX opened at $8.32 on Tuesday. AMC Networks has a fifty-two week low of $7.08 and a fifty-two week high of $18.58. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $367.08 million, a PE ratio of 13.21 and a beta of 1.31. The business’s 50-day simple moving average is $9.46 and its 200-day simple moving average is $9.13.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Friday, February 14th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. During the same quarter last year, the firm earned $0.72 EPS. The company’s revenue for the quarter was down 11.7% on a year-over-year basis. Sell-side analysts expect that AMC Networks will post 4.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. PharVision Advisers LLC acquired a new position in shares of AMC Networks during the 4th quarter worth approximately $538,000. Two Sigma Advisers LP increased its position in shares of AMC Networks by 93.8% during the 4th quarter. Two Sigma Advisers LP now owns 199,400 shares of the company’s stock worth $1,974,000 after purchasing an additional 96,500 shares during the last quarter. Two Sigma Investments LP increased its position in shares of AMC Networks by 18.8% during the 4th quarter. Two Sigma Investments LP now owns 569,523 shares of the company’s stock worth $5,638,000 after purchasing an additional 90,169 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of AMC Networks during the 4th quarter worth approximately $779,000. Finally, Quantinno Capital Management LP increased its position in shares of AMC Networks by 20.7% during the 4th quarter. Quantinno Capital Management LP now owns 12,255 shares of the company’s stock worth $121,000 after purchasing an additional 2,102 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

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.