Analysts Set AMC Networks Inc. (NASDAQ:AMCX) Price Target at $8.00

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been given an average rating of “Reduce” by the four brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $8.00.

AMCX has been the topic of a number of research analyst reports. StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Monday, February 17th. 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. Finally, JPMorgan Chase & Co. cut their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, February 18th.

AMC Networks Price Performance

NASDAQ AMCX opened at $6.86 on Wednesday. The firm has a market cap of $302.77 million, a P/E ratio of -1.31 and a beta of 1.33. The stock’s 50-day moving average is $8.14 and its two-hundred day moving average is $8.60. AMC Networks has a fifty-two week low of $6.56 and a fifty-two week high of $18.58. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, February 14th. The company reported $0.64 earnings per share 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 company had revenue of $599.30 million during the quarter, compared to analyst estimates of $611.26 million. During the same quarter last year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, analysts anticipate that AMC Networks will post 2.62 earnings per share for the current fiscal year.

Insider Activity at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the completion of the transaction, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.35. This represents a 88.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 25.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMC Networks

A number of institutional investors have recently bought and sold shares of AMCX. Wealth Enhancement Advisory Services LLC acquired a new position in shares of AMC Networks in the 4th quarter valued at $141,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in AMC Networks during the fourth quarter worth about $546,000. PharVision Advisers LLC acquired a new stake in AMC Networks during the fourth quarter valued at approximately $538,000. Two Sigma Advisers LP grew its stake in shares of AMC Networks by 93.8% in the 4th quarter. Two Sigma Advisers LP now owns 199,400 shares of the company’s stock valued at $1,974,000 after purchasing an additional 96,500 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of AMC Networks by 18.8% in the 4th quarter. Two Sigma Investments LP now owns 569,523 shares of the company’s stock worth $5,638,000 after buying an additional 90,169 shares in 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.