Ieq Capital LLC Makes New Investment in AMC Networks Inc. (NASDAQ:AMCX)

Ieq Capital LLC purchased a new position in AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 41,791 shares of the company's stock, valued at approximately $414,000. Ieq Capital LLC owned approximately 0.09% of AMC Networks as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. R Squared Ltd purchased a new stake in AMC Networks in the 4th quarter worth $59,000. Quantinno Capital Management LP purchased a new stake in shares of AMC Networks in the third quarter worth about $88,000. FORA Capital LLC bought a new position in AMC Networks during the third quarter valued at approximately $89,000. MML Investors Services LLC purchased a new position in AMC Networks during the 3rd quarter valued at approximately $91,000. Finally, Martingale Asset Management L P bought a new stake in AMC Networks in the 3rd quarter worth approximately $95,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

AMC Networks Trading Down 6.0 %

AMCX stock traded down $0.44 during mid-day trading on Monday, reaching $6.87. 687,385 shares of the stock traded hands, compared to its average volume of 1,012,232. The stock has a market capitalization of $302.99 million, a PE ratio of -1.31 and a beta of 1.31. AMC Networks Inc. has a one year low of $6.82 and a one year high of $18.58. The business has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $9.00. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38.

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AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41). The firm had revenue of $599.30 million during the quarter, compared to the consensus estimate 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 for the quarter was down 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. Equities research analysts expect that AMC Networks Inc. will post 2.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMCX. JPMorgan Chase & Co. cut 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. Morgan Stanley lowered their price target on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Thursday, February 20th. Finally, StockNews.com cut AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $8.00.

AMC Networks 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.