UBS Group Cuts AMC Networks (NASDAQ:AMCX) Price Target to $6.00

AMC Networks (NASDAQ:AMCX - Get Free Report) had its target price dropped by equities researchers at UBS Group from $8.00 to $6.00 in a report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a "sell" rating on the stock. UBS Group's price target suggests a potential downside of 1.64% from the stock's previous close.

A number of other equities research analysts have also weighed in on AMCX. StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday, February 17th. Morgan Stanley decreased their price target 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. lowered their target price on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.50.

AMC Networks Trading Up 2.0 %

NASDAQ:AMCX traded up $0.12 during trading hours on Tuesday, reaching $6.10. The company's stock had a trading volume of 300,499 shares, compared to its average volume of 1,001,594. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $269.23 million, a price-to-earnings ratio of -1.16 and a beta of 1.28. The firm has a 50-day simple moving average of $7.03 and a 200-day simple moving average of $8.36. AMC Networks has a 1 year low of $5.41 and a 1 year high of $18.58.

AMC Networks (NASDAQ:AMCX - Get Free Report) last issued 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). AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. During the same period last year, the company posted $0.72 earnings per share. The business's revenue was down 11.7% on a year-over-year basis. Research analysts expect that AMC Networks will post 2.62 EPS for the current fiscal year.

Insider Buying and Selling at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the stock in a transaction on 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 transaction, the insider now owns 20,833 shares in the company, valued at $144,789.35. This trade represents a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 25.87% of the stock is currently owned by company insiders.

Institutional Trading of AMC Networks

A number of large investors have recently made changes to their positions in AMCX. Principal Financial Group Inc. grew its position in AMC Networks by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 23,102 shares of the company's stock worth $229,000 after acquiring an additional 2,043 shares in the last quarter. Ieq Capital LLC purchased a new position in shares of AMC Networks in the 4th quarter worth approximately $414,000. Contrarius Group Holdings Ltd bought a new position in shares of AMC Networks during the 4th quarter valued at approximately $5,359,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of AMC Networks in the fourth quarter valued at $631,000. Finally, JPMorgan Chase & Co. grew its holdings in AMC Networks by 333.7% during 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 last quarter. 78.51% of the stock is currently owned by institutional investors.

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.