AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 28.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,021 shares of the company’s stock after selling 36,745 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.21% of AMC Networks worth $901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of AMC Networks by 163.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock worth $778,000 after purchasing an additional 55,565 shares during the last quarter. Martingale Asset Management L P acquired a new position in shares of AMC Networks during the third quarter valued at approximately $95,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AMC Networks in the third quarter valued at approximately $444,000. Paloma Partners Management Co acquired a new stake in shares of AMC Networks in the third quarter worth approximately $253,000. Finally, Atom Investors LP purchased a new stake in shares of AMC Networks during the third quarter worth approximately $337,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley cut their price target 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. reduced their price target on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Three research 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.00.

AMC Networks Stock Down 0.3 %

Shares of AMCX opened at $6.86 on Wednesday. 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 cap of $302.77 million, a P/E ratio of -1.31 and a beta of 1.33. The company’s 50-day moving average price is $8.14 and its 200 day moving average price is $8.60. AMC Networks Inc. has a 12-month low of $6.56 and a 12-month high of $18.58.

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

Insider Activity

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 20,833 shares of the company’s stock, valued at approximately $144,789.35. This trade represents a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 25.87% 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.