JPMorgan Chase & Co. Purchases 1,248,571 Shares of AMC Networks Inc. (NASDAQ:AMCX)

JPMorgan Chase & Co. lifted its stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 333.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,622,785 shares of the company's stock after acquiring an additional 1,248,571 shares during the period. JPMorgan Chase & Co. owned approximately 3.68% of AMC Networks worth $16,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new stake in AMC Networks in the 4th quarter worth $59,000. Quantinno Capital Management LP acquired a new stake in AMC Networks during the third quarter worth about $88,000. MML Investors Services LLC bought a new position in AMC Networks during the third quarter valued at about $91,000. Concurrent Investment Advisors LLC bought a new position in AMC Networks during the fourth quarter valued at about $106,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in AMC Networks in the 4th quarter valued at approximately $134,000. Institutional investors own 78.51% of the company's stock.

Insiders Place Their Bets

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were 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 of the company's stock, valued at $144,789.35. This represents a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 25.87% of the company's stock.

AMC Networks Price Performance

Shares of NASDAQ:AMCX traded up $0.04 on Thursday, hitting $6.02. The stock had a trading volume of 44,623 shares, compared to its average volume of 997,062. The firm's 50 day moving average price is $7.18 and its 200-day moving average price is $8.40. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. AMC Networks Inc. has a twelve month low of $5.41 and a twelve month high of $18.58. The company has a market capitalization of $265.48 million, a price-to-earnings ratio of -1.13 and a beta of 1.28.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.41). The firm 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%. AMC Networks's quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. On average, equities research analysts predict that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMCX shares. JPMorgan Chase & Co. lowered their price objective on AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research 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 on the stock in a report on Thursday, February 20th. UBS Group dropped their price objective on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating for the company in a research note on Tuesday. Finally, StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. Four equities 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.50.

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.