Charles Schwab Investment Management Inc. Trims Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Charles Schwab Investment Management Inc. trimmed its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 40.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 583,237 shares of the company’s stock after selling 395,903 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.32% of AMC Networks worth $5,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of AMC Networks by 2.9% during the fourth quarter. Rhumbline Advisers now owns 60,346 shares of the company’s stock worth $597,000 after purchasing an additional 1,680 shares during the period. Principal Financial Group Inc. raised its position in AMC Networks by 9.7% during the 4th quarter. Principal Financial Group Inc. now owns 23,102 shares of the company’s stock worth $229,000 after buying an additional 2,043 shares during the last quarter. DGS Capital Management LLC lifted its stake in shares of AMC Networks by 9.9% in the 3rd quarter. DGS Capital Management LLC now owns 24,148 shares of the company’s stock worth $210,000 after acquiring an additional 2,180 shares during the period. R Squared Ltd purchased a new stake in shares of AMC Networks in the fourth quarter valued at about $59,000. Finally, Franklin Resources Inc. increased its stake in shares of AMC Networks by 37.6% during the third quarter. Franklin Resources Inc. now owns 23,190 shares of the company’s stock worth $202,000 after acquiring an additional 6,340 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

AMC Networks Stock Down 5.0 %

AMCX stock opened at $6.84 on Tuesday. 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 company’s 50-day moving average price is $8.38 and its 200 day moving average price is $8.66. AMC Networks Inc. has a 52 week low of $6.59 and a 52 week high of $18.58. The company has a market cap of $301.89 million, a P/E ratio of -1.30 and a beta of 1.33.

AMC Networks (NASDAQ:AMCX) last announced 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). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The firm had revenue of $599.30 million for the quarter, compared to analysts’ expectations of $611.26 million. During the same period last year, the firm earned $0.72 EPS. AMC Networks’s revenue was down 11.7% compared to the same quarter last year. On average, research analysts expect that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $6.95, for a total transaction of $1,072,697.75. Following the completion of the transaction, the insider now owns 20,833 shares in the company, valued at approximately $144,789.35. The trade was a 88.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 25.87% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMCX. JPMorgan Chase & Co. reduced their price objective on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Finally, Morgan Stanley decreased their price target on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.00.

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.