AMC Networks Inc. (NASDAQ:AMCX) Receives Average Recommendation of “Reduce” from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have earned a consensus recommendation of “Reduce” from the four analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $8.00.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 18th. StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, Morgan Stanley cut their price objective on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 20th.

Institutional Investors Weigh In On AMC Networks

A number of institutional investors have recently made changes to their positions in AMCX. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of AMC Networks in the fourth quarter valued at approximately $546,000. PharVision Advisers LLC purchased a new position in shares of AMC Networks in the fourth quarter valued at approximately $538,000. Two Sigma Advisers LP boosted its stake in shares of AMC Networks by 93.8% in the fourth 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. Two Sigma Investments LP boosted its stake in shares of AMC Networks by 18.8% in the fourth quarter. Two Sigma Investments LP now owns 569,523 shares of the company’s stock valued at $5,638,000 after purchasing an additional 90,169 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of AMC Networks in the fourth quarter valued at approximately $779,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Stock Performance

AMCX opened at $7.05 on Friday. 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 company has a market cap of $311.16 million, a price-to-earnings ratio of -1.34 and a beta of 1.31. AMC Networks has a 52-week low of $6.65 and a 52-week high of $18.58. The firm’s fifty day simple moving average is $9.05 and its two-hundred day simple moving average is $8.96.

AMC Networks (NASDAQ:AMCX) last posted its quarterly 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). The business had revenue of $599.30 million during the quarter, compared to analysts’ expectations of $611.26 million. AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. Equities analysts anticipate that AMC Networks will post 2.62 earnings per share for the current fiscal year.

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.