AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by Marshall Wace LLP

Marshall Wace LLP reduced its stake in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 911,547 shares of the company's stock after selling 115,528 shares during the quarter. Marshall Wace LLP owned 2.07% of AMC Networks worth $9,024,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in AMC Networks by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 23,102 shares of the company's stock valued at $229,000 after purchasing an additional 2,043 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of AMC Networks in the 4th quarter valued at approximately $414,000. Contrarius Group Holdings Ltd purchased a new position in shares of AMC Networks during the 4th quarter valued at approximately $5,359,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of AMC Networks during the fourth quarter worth approximately $631,000. Finally, JPMorgan Chase & Co. increased its stake in shares of AMC Networks by 333.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company's stock worth $16,066,000 after buying an additional 1,248,571 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Trading Up 4.3 %

Shares of NASDAQ AMCX opened at $6.27 on Wednesday. AMC Networks Inc. has a 12-month low of $5.41 and a 12-month high of $18.58. The company has a market cap of $276.73 million, a price-to-earnings 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. The stock's 50 day simple moving average is $6.89 and its 200 day simple moving average is $8.33.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its earnings results 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). The company had revenue of $599.30 million during the quarter, compared to the consensus estimate of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The business's quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. Equities research analysts expect that AMC Networks Inc. will post 2.62 EPS for the current year.

Wall Street Analyst Weigh In

AMCX has been the subject of several recent analyst reports. StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a report on Monday, February 17th. JPMorgan Chase & Co. lowered their price objective on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Tuesday, February 18th. UBS Group reduced 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 lowered their price target on AMC Networks from $8.00 to $4.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Finally, Morgan Stanley decreased their price objective 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. Four investment 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.50.

Insider Buying and Selling at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 20,833 shares in the company, valued at approximately $144,789.35. This trade represents a 88.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 25.87% of the stock is currently owned by company insiders.

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.

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