AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 583,237 shares of the company's stock after selling 395,903 shares during the period. Charles Schwab Investment Management Inc. owned about 1.32% of AMC Networks worth $5,774,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMCX. Verus Capital Partners LLC raised its holdings in shares of AMC Networks by 52.0% during the fourth quarter. Verus Capital Partners LLC now owns 30,400 shares of the company's stock valued at $301,000 after acquiring an additional 10,400 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of AMC Networks during the fourth quarter valued at $134,000. Concurrent Investment Advisors LLC purchased a new position in AMC Networks in the fourth quarter worth about $106,000. Ieq Capital LLC bought a new stake in shares of AMC Networks during the fourth quarter valued at approximately $414,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of AMC Networks by 9.7% during 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 in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 20,833 shares of the company's stock, valued at approximately $144,789.35. This represents a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 25.87% of the company's stock.

AMC Networks Trading Down 1.9 %

Shares of AMC Networks stock traded down $0.13 on Friday, reaching $6.84. The company had a trading volume of 511,563 shares, compared to its average volume of 993,304. The firm's 50-day moving average price is $8.26 and its two-hundred day moving average price is $8.62. The firm has a market cap of $301.89 million, a price-to-earnings ratio of -1.30 and a beta of 1.33. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38. AMC Networks Inc. has a 1 year low of $6.59 and a 1 year high of $18.58.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released 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 the consensus estimate of $611.26 million. AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The firm's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. As a group, research analysts predict that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMCX. StockNews.com downgraded AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Morgan Stanley decreased their price objective on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut 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 Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AMC Networks presently has an average rating of "Hold" and a consensus target price of $8.00.

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.