57,960 Shares in AMC Networks Inc. (NASDAQ:AMCX) Purchased by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. acquired a new stake in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 57,960 shares of the company's stock, valued at approximately $574,000. Fuller & Thaler Asset Management Inc. owned approximately 0.13% of AMC Networks at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of AMC Networks by 9.7% in the 4th quarter. Principal Financial Group Inc. now owns 23,102 shares of the company's stock valued at $229,000 after acquiring an additional 2,043 shares in the last quarter. Ieq Capital LLC acquired a new stake in AMC Networks during the 4th quarter valued at $414,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of AMC Networks in the fourth quarter valued at $631,000. Contrarius Group Holdings Ltd acquired a new stake in shares of AMC Networks in the fourth quarter worth $5,359,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of AMC Networks by 333.7% during 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 in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Stock Performance

AMCX stock opened at $6.54 on Friday. The firm has a 50 day moving average of $6.75 and a two-hundred day moving average of $8.30. AMC Networks Inc. has a 12 month low of $5.41 and a 12 month high of $18.58. The company has a market capitalization of $288.65 million, a price-to-earnings ratio of -1.25 and a beta of 1.28. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 2.63.

AMC Networks (NASDAQ:AMCX - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.41). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The business had revenue of $599.30 million during the quarter, compared to the consensus estimate of $611.26 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company's revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

Insider Activity at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $6.95, for a total value of $1,072,697.75. Following the transaction, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.35. This trade represents a 88.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 25.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMCX shares. JPMorgan Chase & Co. reduced their price objective on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Tuesday, February 18th. UBS Group lowered their price objective on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley dropped their price objective on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company decreased their target price on shares of AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Finally, StockNews.com lowered AMC Networks from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AMC Networks has a consensus rating of "Hold" and an average target price of $6.50.

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.

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