UBS Group Has Lowered Expectations for AMC Networks (NASDAQ:AMCX) Stock Price

AMC Networks (NASDAQ:AMCX) had its price objective dropped by analysts at UBS Group from $8.00 to $6.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “sell” rating on the stock. UBS Group’s price objective suggests a potential upside of 0.33% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Morgan Stanley lowered their price target 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. JPMorgan Chase & Co. dropped 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 Tuesday, February 18th. Finally, StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AMC Networks presently has an average rating of “Hold” and a consensus price target of $7.50.

AMC Networks Trading Up 0.8 %

Shares of AMC Networks stock opened at $5.98 on Tuesday. AMC Networks has a 12-month low of $5.41 and a 12-month 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 business’s 50 day moving average is $7.18 and its 200-day moving average is $8.40. The stock has a market cap of $263.93 million, a P/E ratio of -1.14 and a beta of 1.28.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results 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). 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 the consensus estimate of $611.26 million. During the same period last year, the company posted $0.72 earnings per share. The business’s revenue was down 11.7% compared to the same quarter last year. Equities research analysts predict that AMC Networks will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm’s 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 transaction, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMCX. Principal Financial Group Inc. boosted its stake in shares of AMC Networks by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 23,102 shares of the company’s stock valued at $229,000 after buying an additional 2,043 shares during the period. Ieq Capital LLC acquired a new position in AMC Networks in the 4th quarter valued at $414,000. Contrarius Group Holdings Ltd bought a new stake in shares of AMC Networks during the 4th quarter valued at $5,359,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of AMC Networks during the 4th quarter valued at $631,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of AMC Networks by 73.2% during the 3rd 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 in the last quarter. Institutional investors and hedge funds 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.