AMC Networks Inc. (NASDAQ:AMCX) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in AMC Networks Inc. (NASDAQ:AMCX) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,617 shares of the company’s stock after buying an additional 4,314 shares during the quarter. Intech Investment Management LLC’s holdings in AMC Networks were worth $145,000 at the end of the most recent reporting period.

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

AMC Networks Trading Down 2.9 %

NASDAQ AMCX opened at $6.97 on Friday. AMC Networks Inc. has a 52-week low of $6.59 and a 52-week high of $18.58. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 2.63. The firm has a 50-day moving average price of $8.26 and a 200 day moving average price of $8.62. The stock has a market capitalization of $307.63 million, a P/E ratio of -1.33 and a beta of 1.33.

AMC Networks (NASDAQ:AMCX) last released its 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). AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm had revenue of $599.30 million during the quarter, compared to analysts’ expectations of $611.26 million. During the same quarter last year, the company posted $0.72 earnings per share. AMC Networks’s revenue for the quarter was down 11.7% on a year-over-year basis. Equities research analysts expect that AMC Networks Inc. will post 2.62 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley cut their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 20th. StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, JPMorgan Chase & Co. decreased their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, February 18th. Three 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’s stock. According to data from MarketBeat, AMC Networks currently has a consensus rating of “Hold” and an average target price of $8.00.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction 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 $144,789.35. The trade was a 88.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 25.87% of the stock is currently owned by corporate insiders.

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.