Thrivent Financial for Lutherans Decreases Stock Position in AMC Networks Inc. (NASDAQ:AMCX)

Thrivent Financial for Lutherans decreased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 28.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,021 shares of the company's stock after selling 36,745 shares during the period. Thrivent Financial for Lutherans owned about 0.21% of AMC Networks worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AMCX. R Squared Ltd purchased a new stake in AMC Networks in the 4th quarter worth $59,000. Quantinno Capital Management LP bought a new position in AMC Networks in the third quarter worth approximately $88,000. MML Investors Services LLC purchased a new position in AMC Networks during the third quarter valued at approximately $91,000. Martingale Asset Management L P purchased a new stake in shares of AMC Networks during the third quarter valued at about $95,000. Finally, Concurrent Investment Advisors LLC purchased a new position in AMC Networks in the fourth quarter worth $106,000. 78.51% of the stock is owned by institutional investors.

Insider Buying and Selling at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.95, for a total transaction of $1,072,697.75. Following the sale, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.35. The trade was a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 25.87% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMCX shares. StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Morgan Stanley reduced their target price on AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their price target on AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AMC Networks currently has a consensus rating of "Hold" and an average target price of $8.00.

AMC Networks Trading Down 0.2 %

AMCX traded down $0.01 on Friday, hitting $6.21. The company had a trading volume of 711,301 shares, compared to its average volume of 994,089. The company's fifty day moving average price is $8.02 and its 200 day moving average price is $8.57. AMC Networks Inc. has a 1 year low of $5.86 and a 1 year high of $18.58. The firm has a market cap of $274.08 million, a P/E ratio of -1.18 and a beta of 1.33. 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 earnings results on Friday, February 14th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). The business had revenue of $599.30 million for the quarter, compared to analysts' expectations of $611.26 million. AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. AMC Networks's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, equities analysts expect that AMC Networks Inc. will post 2.62 earnings per share 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.