RWWM Inc. Boosts Position in AMC Networks Inc. (NASDAQ:AMCX)

RWWM Inc. raised its holdings in AMC Networks Inc. (NASDAQ:AMCX - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,556,654 shares of the company's stock after purchasing an additional 266,322 shares during the period. AMC Networks accounts for about 1.4% of RWWM Inc.'s holdings, making the stock its 12th biggest position. RWWM Inc. owned 3.53% of AMC Networks worth $15,411,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMCX. JPMorgan Chase & Co. boosted its holdings in AMC Networks by 333.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company's stock valued at $16,066,000 after purchasing an additional 1,248,571 shares during the period. Contrarius Group Holdings Ltd purchased a new position in AMC Networks during the fourth quarter worth about $5,359,000. Arrowstreet Capital Limited Partnership bought a new position in AMC Networks in the 4th quarter worth about $631,000. Barclays PLC raised its holdings in shares of AMC Networks by 8.5% in the 3rd quarter. Barclays PLC now owns 554,837 shares of the company's stock valued at $4,821,000 after acquiring an additional 43,623 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of AMC Networks in the 4th quarter valued at about $414,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

AMC Networks Trading Up 2.0 %

Shares of AMCX traded up $0.12 during mid-day trading on Thursday, reaching $6.10. The company's stock had a trading volume of 300,499 shares, compared to its average volume of 997,900. The stock has a market cap of $269.23 million, a PE ratio of -1.16 and a beta of 1.28. The company's fifty day moving average price is $7.18 and its two-hundred day moving average price is $8.40. AMC Networks Inc. has a 52 week low of $5.41 and a 52 week high of $18.58. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41). The company had revenue of $599.30 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, analysts predict that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMCX shares. StockNews.com cut shares of AMC Networks from a "buy" rating to a "hold" rating in a research report on Monday, February 17th. UBS Group decreased their price target on shares of AMC Networks from $8.00 to $6.00 and set a "sell" rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered 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 Tuesday, February 18th. Morgan Stanley cut their target price on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lowered their price target on AMC Networks from $8.00 to $4.00 and set an "underweight" rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $6.50.

Insider Activity

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 20,833 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 25.87% of the company's stock.

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.