AMC Networks Inc. (NASDAQ:AMCX) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 2.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,346 shares of the company’s stock after acquiring an additional 1,680 shares during the period. Rhumbline Advisers owned approximately 0.14% of AMC Networks worth $597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. R Squared Ltd purchased a new position in AMC Networks during the fourth quarter worth approximately $59,000. Quantinno Capital Management LP purchased a new stake in AMC Networks in the 3rd quarter worth $88,000. FORA Capital LLC purchased a new stake in shares of AMC Networks during the third quarter worth about $89,000. MML Investors Services LLC purchased a new position in AMC Networks in the 3rd quarter valued at about $91,000. Finally, Martingale Asset Management L P acquired a new stake in AMC Networks in the 3rd quarter worth about $95,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AMCX. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th. JPMorgan Chase & Co. cut their price objective 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. Finally, Morgan Stanley lowered their target price on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.00.

AMC Networks Trading Down 1.1 %

Shares of AMCX opened at $7.06 on Friday. The firm has a 50-day moving average price of $8.96 and a 200 day moving average price of $8.93. AMC Networks Inc. has a 12-month low of $6.65 and a 12-month high of $18.58. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $311.60 million, a P/E ratio of -1.34 and a beta of 1.33.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41). The firm had revenue of $599.30 million for the quarter, compared to analysts’ expectations of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. Sell-side analysts forecast that AMC Networks Inc. will post 2.62 EPS for the current 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.