AMC Networks (NASDAQ:AMCX) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of AMC Networks (NASDAQ:AMCX) from a buy rating to a hold rating in a report published on Monday.

Other research analysts have also issued reports about the stock. Morgan Stanley cut their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd.

AMC Networks Stock Down 10.7 %

AMCX stock opened at $8.79 on Monday. The company has a fifty day moving average price of $9.49 and a 200 day moving average price of $9.14. AMC Networks has a 12 month low of $7.08 and a 12 month high of $18.58. The company has a market cap of $387.82 million, a price-to-earnings ratio of 13.95 and a beta of 1.31. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data 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). The firm had revenue of $599.30 million during the quarter, compared to analyst estimates of $611.26 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. Sell-side analysts expect that AMC Networks will post 4.09 earnings per share for the current year.

Institutional Trading of AMC Networks

Several large investors have recently bought and sold shares of the company. Royce & Associates LP grew its position in shares of AMC Networks by 134.0% during the third quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock worth $1,267,000 after buying an additional 83,476 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of AMC Networks by 163.9% during the third quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock worth $778,000 after buying an additional 55,565 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in AMC Networks by 73.2% during the third 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 last quarter. MML Investors Services LLC bought a new position in AMC Networks during the third quarter worth $91,000. Finally, Exchange Traded Concepts LLC lifted its stake in AMC Networks by 6.6% during the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after purchasing an additional 2,150 shares during the last quarter. Institutional investors and hedge funds own 78.51% 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.