13,561 Shares in AMC Networks Inc. (NASDAQ:AMCX) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of AMC Networks Inc. (NASDAQ:AMCX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 13,561 shares of the company’s stock, valued at approximately $134,000.

A number of other institutional investors have also modified their holdings of AMCX. Royce & Associates LP increased its stake in AMC Networks by 134.0% in the 3rd quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock valued at $1,267,000 after buying an additional 83,476 shares during the period. BNP Paribas Financial Markets lifted its position in AMC Networks by 163.9% in the third quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock valued at $778,000 after purchasing an additional 55,565 shares during the period. Ieq Capital LLC purchased a new stake in AMC Networks in the 4th quarter valued at approximately $414,000. JPMorgan Chase & Co. increased its position in AMC Networks by 73.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,214 shares of the company’s stock worth $3,252,000 after purchasing an additional 158,162 shares during the period. Finally, MML Investors Services LLC acquired a new position in AMC Networks during the 3rd quarter worth approximately $91,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley cut their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 20th. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and an average price target of $8.00.

AMC Networks Price Performance

AMC Networks stock opened at $7.05 on Thursday. The firm has a market capitalization of $311.16 million, a PE ratio of -1.34 and a beta of 1.31. AMC Networks Inc. has a 52 week low of $6.65 and a 52 week high of $18.58. The firm’s 50-day simple moving average is $9.05 and its 200 day simple moving average is $8.96. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 2.63.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41). AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The business had revenue of $599.30 million during the quarter, compared to analysts’ expectations of $611.26 million. During the same period last year, the company earned $0.72 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities research analysts predict that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

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.