AMC Networks Inc. (NASDAQ:AMCX) Insider F. Dolan 2009 Revocabl Charles Sells 154,345 Shares

AMC Networks Inc. (NASDAQ:AMCX) insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the company’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 completion of the sale, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.35. The trade was 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 link.

AMC Networks Stock Performance

Shares of AMC Networks stock opened at $6.99 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. The company has a market cap of $308.51 million, a PE ratio of -1.33 and a beta of 1.33. The company has a 50 day moving average of $8.68 and a 200-day moving average of $8.82. AMC Networks Inc. has a 1-year low of $6.59 and a 1-year high of $18.58.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41). The business had revenue of $599.30 million for the quarter, compared to analyst estimates of $611.26 million. AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The firm’s revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. As a group, equities research analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on AMCX shares. Morgan Stanley reduced 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. JPMorgan Chase & Co. reduced their target price on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company. According to MarketBeat, AMC Networks presently has an average rating of “Hold” and an average price target of $8.00.

Institutional Investors Weigh In On AMC Networks

A number of institutional investors have recently added to or reduced their stakes in AMCX. Vanguard Group Inc. raised its position in AMC Networks by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 1,715,833 shares of the company’s stock worth $16,987,000 after purchasing an additional 39,581 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of AMC Networks by 333.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company’s stock valued at $16,066,000 after buying an additional 1,248,571 shares during the period. RWWM Inc. raised its position in shares of AMC Networks by 20.6% during the fourth quarter. RWWM Inc. now owns 1,556,654 shares of the company’s stock worth $15,411,000 after acquiring an additional 266,322 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of AMC Networks by 22.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company’s stock worth $14,505,000 after acquiring an additional 267,044 shares during the period. Finally, American Century Companies Inc. boosted its holdings in AMC Networks by 3.4% in the fourth quarter. American Century Companies Inc. now owns 824,096 shares of the company’s stock valued at $8,159,000 after acquiring an additional 27,273 shares during the last quarter. 78.51% of the stock is owned by institutional investors.

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.