AMC Networks Inc. (NASDAQ:AMCX) Receives Average Recommendation of "Reduce" from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) have earned an average rating of "Reduce" from the four ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.00.

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their target price on AMC Networks from $11.00 to $8.00 and set an "underweight" rating for the company in a report on Monday, August 12th. StockNews.com downgraded AMC Networks from a "buy" rating to a "hold" rating in a research report on Friday, July 12th.

AMC Networks Stock Performance

Shares of NASDAQ AMCX traded down $0.05 during midday trading on Wednesday, reaching $8.48. 912,359 shares of the company were exchanged, compared to its average volume of 1,104,728. The stock has a market cap of $369.41 million, a P/E ratio of 2.38 and a beta of 1.29. AMC Networks has a 1 year low of $7.08 and a 1 year high of $20.97. The stock has a fifty day simple moving average of $9.50 and a 200 day simple moving average of $11.45. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.17.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its earnings results on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.28). AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The company had revenue of $625.90 million during the quarter, compared to analyst estimates of $601.41 million. During the same period in the previous year, the firm posted $2.02 EPS. The company's revenue for the quarter was down 7.8% on a year-over-year basis. On average, research analysts forecast that AMC Networks will post 4.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMC Networks

Large investors have recently added to or reduced their stakes in the business. RWWM Inc. increased its stake in shares of AMC Networks by 193.7% during the 4th quarter. RWWM Inc. now owns 515,432 shares of the company's stock valued at $9,682,000 after acquiring an additional 339,912 shares during the last quarter. Privium Fund Management UK Ltd raised its stake in AMC Networks by 38.3% during the fourth quarter. Privium Fund Management UK Ltd now owns 19,982 shares of the company's stock worth $375,000 after purchasing an additional 5,531 shares during the period. Schroder Investment Management Group boosted its holdings in shares of AMC Networks by 2.0% in the 4th quarter. Schroder Investment Management Group now owns 1,010,729 shares of the company's stock valued at $18,992,000 after purchasing an additional 19,794 shares during the last quarter. Range Financial Group LLC purchased a new stake in shares of AMC Networks during the 1st quarter valued at $160,000. Finally, DGS Capital Management LLC acquired a new stake in shares of AMC Networks during the 1st quarter worth $313,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.