AMC Networks Inc. (NASDAQ:AMCX) Given Average Rating of “Reduce” by Brokerages

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been assigned a consensus recommendation of “Reduce” from the four brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.00.

Several analysts recently weighed in on the company. Morgan Stanley decreased their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th.

Hedge Funds Weigh In On AMC Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMCX. JPMorgan Chase & Co. grew its stake in AMC Networks by 333.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company’s stock valued at $16,066,000 after purchasing an additional 1,248,571 shares during the last quarter. Contrarius Group Holdings Ltd purchased a new position in AMC Networks in the fourth quarter valued at about $5,359,000. Janus Henderson Group PLC grew its stake in AMC Networks by 2,483.1% in the fourth quarter. Janus Henderson Group PLC now owns 309,090 shares of the company’s stock valued at $3,060,000 after purchasing an additional 297,124 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in AMC Networks by 22.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company’s stock valued at $14,505,000 after purchasing an additional 267,044 shares during the last quarter. Finally, RWWM Inc. grew its stake in AMC Networks by 20.6% in the fourth quarter. RWWM Inc. now owns 1,556,654 shares of the company’s stock valued at $15,411,000 after purchasing an additional 266,322 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Up 4.0 %

NASDAQ:AMCX opened at $7.30 on Friday. AMC Networks has a twelve month low of $6.85 and a twelve month high of $18.58. The company has a market cap of $322.19 million, a price-to-earnings ratio of -1.39 and a beta of 1.31. The stock has a fifty day simple moving average of $9.20 and a 200-day simple moving average of $9.02. 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) last released its earnings results 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 positive return on equity of 18.61% and a negative net margin of 9.36%. 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 business posted $0.72 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. Analysts anticipate that AMC Networks will post 2.62 EPS for the current 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.