StockNews.com Downgrades AMC Networks (NASDAQ:AMCX) to Hold

AMC Networks (NASDAQ:AMCX - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Monday.

A number of other brokerages have also issued reports on AMCX. Morgan Stanley lowered their price target on AMC Networks from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, November 12th. Seaport Res Ptn upgraded AMC Networks from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.00.

AMC Networks Trading Down 3.9 %

Shares of NASDAQ:AMCX traded down $0.31 during trading hours on Monday, hitting $7.71. 522,493 shares of the company's stock traded hands, compared to its average volume of 476,038. AMC Networks has a 1 year low of $7.08 and a 1 year high of $18.58. The business has a fifty day moving average price of $9.41 and a 200-day moving average price of $9.11. The firm has a market capitalization of $340.17 million, a P/E ratio of -1.47 and a beta of 1.31. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.32.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its quarterly 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 firm had revenue of $599.30 million during the quarter, compared to analysts' expectations of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm's revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. Equities analysts expect that AMC Networks will post 2.97 earnings per share for the current year.

Institutional Trading of AMC Networks

A number of hedge funds have recently bought and sold shares of AMCX. PharVision Advisers LLC acquired a new position in shares of AMC Networks during the fourth quarter worth $538,000. Two Sigma Advisers LP increased its position in shares of AMC Networks by 93.8% during the fourth quarter. Two Sigma Advisers LP now owns 199,400 shares of the company's stock worth $1,974,000 after purchasing an additional 96,500 shares in the last quarter. Two Sigma Investments LP increased its position in shares of AMC Networks by 18.8% during the fourth quarter. Two Sigma Investments LP now owns 569,523 shares of the company's stock worth $5,638,000 after purchasing an additional 90,169 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of AMC Networks during the fourth quarter worth $779,000. Finally, Quantinno Capital Management LP increased its position in shares of AMC Networks by 20.7% during the fourth quarter. Quantinno Capital Management LP now owns 12,255 shares of the company's stock worth $121,000 after purchasing an additional 2,102 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company's stock.

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.