Brokerages Set AMC Networks Inc. (NASDAQ:AMCX) Target Price at $11.75

AMC Networks Inc. (NASDAQ:AMCX) has earned an average recommendation of “Strong Sell” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $11.75.

Separately, StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday.

Insider Buying and Selling at AMC Networks

In other news, CFO Patrick O’connell sold 5,000 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $16.02, for a total value of $80,100.00. Following the sale, the chief financial officer now owns 6,459 shares in the company, valued at $103,473.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Patrick O’connell sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $16.02, for a total transaction of $80,100.00. Following the completion of the transaction, the chief financial officer now directly owns 6,459 shares of the company’s stock, valued at approximately $103,473.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kimberly Kelleher sold 10,941 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $17.22, for a total transaction of $188,404.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,348 shares of company stock worth $888,957. 25.87% of the stock is owned by insiders.

Institutional Trading of AMC Networks

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new position in shares of AMC Networks in the 4th quarter valued at $33,000. Nisa Investment Advisors LLC increased its holdings in AMC Networks by 98.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock valued at $81,000 after acquiring an additional 2,146 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of AMC Networks by 20.2% in the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock worth $52,000 after acquiring an additional 737 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of AMC Networks during the first quarter valued at approximately $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AMC Networks by 94.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,091 shares of the company’s stock valued at $114,000 after purchasing an additional 2,959 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $9.60 on Monday. AMC Networks has a twelve month low of $9.23 and a twelve month high of $20.97. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.06. The firm’s fifty day simple moving average is $13.89 and its 200 day simple moving average is $14.74. The stock has a market cap of $418.18 million, a P/E ratio of 2.69 and a beta of 1.36.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Friday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.63). AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The firm had revenue of $596.50 million during the quarter, compared to the consensus estimate of $601.74 million. During the same quarter in the prior year, the company posted $2.62 EPS. The company’s quarterly revenue was down 16.9% on a year-over-year basis. As a group, research analysts predict that AMC Networks will post 4.93 EPS for the current 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.