541,314 Shares in AMC Networks Inc. (NASDAQ:AMCX) Bought by Contrarius Group Holdings Ltd

Contrarius Group Holdings Ltd acquired a new position in shares of AMC Networks Inc. (NASDAQ:AMCX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 541,314 shares of the company's stock, valued at approximately $5,359,000. Contrarius Group Holdings Ltd owned approximately 1.23% of AMC Networks as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMCX. Atria Investments Inc acquired a new position in shares of AMC Networks in the 3rd quarter valued at $141,000. Royce & Associates LP lifted its stake in AMC Networks by 134.0% during the third quarter. Royce & Associates LP now owns 145,788 shares of the company's stock valued at $1,267,000 after buying an additional 83,476 shares in the last quarter. Empowered Funds LLC lifted its stake in AMC Networks by 5.3% during the third quarter. Empowered Funds LLC now owns 175,500 shares of the company's stock valued at $1,525,000 after buying an additional 8,844 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of AMC Networks by 2,096.0% in the third quarter. Quest Partners LLC now owns 51,365 shares of the company's stock worth $446,000 after buying an additional 49,026 shares during the period. Finally, LMR Partners LLP purchased a new position in shares of AMC Networks in the third quarter worth approximately $134,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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 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 completion of the sale, the insider now directly owns 20,833 shares of the company's stock, valued at $144,789.35. The trade was a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 25.87% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Tuesday, February 18th. 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, StockNews.com downgraded AMC Networks from a "buy" rating to a "hold" rating in a report on Monday, February 17th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.00.

AMC Networks Stock Down 5.0 %

Shares of AMCX stock traded down $0.36 during trading on Monday, hitting $6.84. 736,337 shares of the company were exchanged, compared to its average volume of 981,138. The business's 50-day simple moving average is $8.38 and its 200 day simple moving average is $8.66. AMC Networks Inc. has a twelve month low of $6.59 and a twelve month high of $18.58. The firm has a market capitalization 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 quick ratio of 2.38 and a current ratio of 2.38.

AMC Networks (NASDAQ:AMCX - Get Free Report) last issued 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). AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The company had revenue of $599.30 million for the quarter, compared to analyst estimates of $611.26 million. During the same period last year, the business earned $0.72 EPS. The company's quarterly revenue was down 11.7% on a year-over-year basis. As a group, analysts forecast that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

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.