AMC Networks Inc. (NASDAQ:AMCX) Receives $6.50 Consensus Target Price from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) have been assigned an average rating of "Reduce" from the five research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.50.

A number of research analysts have recently issued reports on AMCX shares. UBS Group dropped their target price on AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. dropped their price target on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. 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. Finally, StockNews.com cut AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 17th.

Insider Activity at AMC Networks

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the sale, the insider now owns 20,833 shares of the company's stock, valued at approximately $144,789.35. This represents a 88.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AMC Networks

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in AMC Networks by 45.7% in the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock valued at $35,000 after purchasing an additional 1,097 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of AMC Networks by 1.1% during the 4th quarter. Gabelli Funds LLC now owns 133,800 shares of the company's stock valued at $1,325,000 after acquiring an additional 1,500 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of AMC Networks by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 49,897 shares of the company's stock valued at $494,000 after acquiring an additional 1,589 shares during the last quarter. Rhumbline Advisers boosted its position in shares of AMC Networks by 2.9% in the fourth quarter. Rhumbline Advisers now owns 60,346 shares of the company's stock worth $597,000 after acquiring an additional 1,680 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in AMC Networks by 31.3% in the fourth quarter. Federated Hermes Inc. now owns 8,049 shares of the company's stock valued at $80,000 after purchasing an additional 1,918 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Stock Performance

Shares of AMC Networks stock traded down $0.04 during trading on Friday, reaching $6.23. The company's stock had a trading volume of 213,296 shares, compared to its average volume of 566,601. The company has a 50-day moving average price of $6.89 and a two-hundred day moving average price of $8.33. AMC Networks has a fifty-two week low of $5.41 and a fifty-two week high of $18.58. The firm has a market cap of $274.97 million, a PE ratio of -1.19 and a beta of 1.28. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63.

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

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.