AMC Networks Inc. (AMCX) – What Are Investment Firms Saying About This Stock?

AMC Networks Inc. (NASDAQ:AMCX) has been assigned a consensus rating of “Strong Sell” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.00.

AMCX has been the topic of a number of research reports. Zacks Research downgraded AMC Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 10th. Wells Fargo & Company boosted their price target on AMC Networks from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Morgan Stanley cut their price target on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Thursday, October 15th. Weiss Ratings cut AMC Networks from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Finally, UBS Group boosted their price objective on shares of AMC Networks from $6.00 to $10.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th.

Insiders Place Their Bets

In other news, CAO Michael Sherin, III sold 10,648 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $12.35, for a total transaction of $131,502.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.13% of the stock is currently owned by insiders.

Institutional Trading of AMC Networks

A number of institutional investors have recently bought and sold shares of AMCX. Allspring Global Investments Holdings LLC increased its holdings in shares of AMC Networks by 35.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,346,142 shares of the company’s stock worth $9,423,000 after buying an additional 349,373 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in AMC Networks in the first quarter valued at approximately $1,060,000. Ritholtz Wealth Management purchased a new position in AMC Networks during the first quarter valued at approximately $301,000. Principal Financial Group Inc. boosted its holdings in shares of AMC Networks by 69.6% in the 1st quarter. Principal Financial Group Inc. now owns 80,732 shares of the company’s stock worth $548,000 after purchasing an additional 33,127 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of AMC Networks by 178.2% in the 3rd quarter. State of Wyoming now owns 49,759 shares of the company’s stock valued at $580,000 after purchasing an additional 31,875 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

AMC Networks Price Performance

NASDAQ:AMCX opened at $7.89 on Monday. The firm’s 50-day simple moving average is $11.19 and its 200 day simple moving average is $9.48. The firm has a market cap of $325.46 million, a price-to-earnings ratio of -9.62 and a beta of 1.55. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.76 and a current ratio of 1.76. AMC Networks has a 52 week low of $6.47 and a 52 week high of $12.93.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). The company had revenue of $547.50 million for the quarter, compared to the consensus estimate of $555.74 million. AMC Networks had a positive return on equity of 3.76% and a negative net margin of 0.88%. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. As a group, sell-side analysts predict that AMC Networks will post 2.44 earnings per share for the current year.

About AMC Networks

AMC Networks Inc is an entertainment company that develops, produces, and distributes television and digital media content. The company’s portfolio includes the AMC, BBC America, IFC, SundanceTV, and WE tv networks, which offer scripted and unscripted programming, films, documentaries, and other entertainment content.

AMC Networks also operates a range of streaming and digital services, including AMC+, Acorn TV, Shudder, ALLBLK, and HIDIVE. These platforms provide on-demand access to original series, films, genre programming, international content, and offerings from the company’s television brands.