AMC Networks (NASDAQ:AMCX) Stock Rating Upgraded by StockNews.com

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

Several other research analysts have also commented on the company. Wells Fargo & Company reduced their price target on AMC Networks from $8.00 to $4.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. UBS Group decreased their price target on shares of AMC Networks from $8.00 to $6.00 and set a “sell” rating for the company in a research report on Tuesday, April 15th. Morgan Stanley cut their price objective on shares of AMC Networks from $6.00 to $5.50 and set an “underweight” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AMC Networks from $8.00 to $6.00 and set an “underweight” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AMC Networks has an average rating of “Hold” and an average target price of $5.38.

AMC Networks Trading Up 2.9%

NASDAQ AMCX opened at $6.02 on Tuesday. AMC Networks has a one year low of $5.41 and a one year high of $18.58. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market capitalization of $265.70 million, a price-to-earnings ratio of -1.15 and a beta of 1.43. The company’s 50-day simple moving average is $6.49 and its two-hundred day simple moving average is $8.16.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Friday, May 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). The business had revenue of $555.23 million for the quarter, compared to the consensus estimate of $567.23 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. AMC Networks’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 earnings per share. Equities analysts forecast that AMC Networks will post 2.62 EPS for the current fiscal year.

Insider Activity at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business’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. The trade was a 88.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its holdings in shares of AMC Networks by 45.7% during the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company’s stock valued at $35,000 after buying an additional 1,097 shares during the last quarter. GAMMA Investing LLC grew its stake in AMC Networks by 254.1% during the 1st quarter. GAMMA Investing LLC now owns 5,201 shares of the company’s stock valued at $36,000 after purchasing an additional 3,732 shares during the last quarter. R Squared Ltd acquired a new position in shares of AMC Networks in the fourth quarter valued at about $59,000. Federated Hermes Inc. raised its stake in shares of AMC Networks by 31.3% in the fourth quarter. Federated Hermes Inc. now owns 8,049 shares of the company’s stock worth $80,000 after purchasing an additional 1,918 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of AMC Networks by 3,351.9% in the first quarter. US Bancorp DE now owns 10,045 shares of the company’s stock worth $69,000 after purchasing an additional 9,754 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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.