AMC Networks (NASDAQ:AMCX) Rating Lowered to “Hold” at StockNews.com

AMC Networks (NASDAQ:AMCX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley reduced 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 report on Tuesday, November 12th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.33.

AMC Networks Trading Down 5.3 %

AMCX opened at $8.32 on Monday. AMC Networks has a one year low of $7.08 and a one year high of $18.58. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32. The business has a 50 day simple moving average of $9.46 and a two-hundred day simple moving average of $9.13. The firm has a market capitalization of $367.08 million, a price-to-earnings ratio of 13.21 and a beta of 1.31.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The business had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. During the same quarter in the prior year, the company earned $0.72 EPS. AMC Networks’s revenue was down 11.7% compared to the same quarter last year. Analysts predict that AMC Networks will post 4.09 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Royce & Associates LP increased its stake in shares of AMC Networks by 134.0% during the third quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock valued at $1,267,000 after purchasing an additional 83,476 shares in the last quarter. BNP Paribas Financial Markets increased its position in AMC Networks by 163.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock valued at $778,000 after buying an additional 55,565 shares in the last quarter. JPMorgan Chase & Co. increased its position in AMC Networks by 73.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,214 shares of the company’s stock valued at $3,252,000 after buying an additional 158,162 shares in the last quarter. MML Investors Services LLC purchased a new position in AMC Networks during the third quarter valued at $91,000. Finally, Exchange Traded Concepts LLC boosted its holdings in AMC Networks by 6.6% in the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after acquiring an additional 2,150 shares in the last quarter. 78.51% of the stock is owned by hedge funds and other 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.