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

AMC Networks (NASDAQ:AMCX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $9.34 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a 50-day simple moving average of $13.80 and a two-hundred day simple moving average of $14.53. The firm has a market capitalization of $406.85 million, a PE ratio of 2.62 and a beta of 1.31. AMC Networks has a 52-week low of $8.84 and a 52-week high of $20.97.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.63). AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The firm had revenue of $596.50 million during the quarter, compared to analysts’ expectations of $601.74 million. During the same period in the prior year, the company posted $2.62 earnings per share. The company’s revenue was down 16.9% compared to the same quarter last year. Analysts forecast that AMC Networks will post 4.93 EPS for the current year.

Insider Activity at AMC Networks

In other AMC Networks news, insider Kimberly Kelleher sold 10,941 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $17.22, for a total value of $188,404.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other AMC Networks news, insider Kimberly Kelleher sold 10,941 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $17.22, for a total value of $188,404.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James Gallagher sold 25,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $15.54, for a total transaction of $388,500.00. Following the transaction, the executive vice president now owns 1,659 shares of the company’s stock, valued at approximately $25,780.86. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,348 shares of company stock worth $888,957. 25.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMC Networks

Several large investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of AMC Networks in the 1st quarter worth approximately $138,000. EMC Capital Management raised its stake in shares of AMC Networks by 23.8% in the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after acquiring an additional 1,500 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of AMC Networks by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock worth $520,000 after acquiring an additional 1,434 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of AMC Networks during the 1st quarter worth about $60,000. Finally, Swiss National Bank grew its holdings in AMC Networks by 6.1% during the 1st quarter. Swiss National Bank now owns 57,000 shares of the company’s stock valued at $691,000 after purchasing an additional 3,300 shares during the last quarter. 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.