Patrick O’connell Sells 5,000 Shares of AMC Networks Inc. (NASDAQ:AMCX) Stock

AMC Networks Inc. (NASDAQ:AMCXGet Free Report) CFO Patrick O’connell sold 5,000 shares of AMC Networks stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $16.02, for a total transaction of $80,100.00. Following the completion of the transaction, the chief financial officer now directly owns 6,459 shares of the company’s stock, valued at $103,473.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

AMC Networks Trading Down 2.2 %

Shares of NASDAQ AMCX opened at $15.61 on Friday. The business has a fifty day moving average price of $12.13 and a 200 day moving average price of $14.78. AMC Networks Inc. has a 1-year low of $9.87 and a 1-year high of $20.97. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.85 and a quick ratio of 1.72. The stock has a market capitalization of $679.97 million, a P/E ratio of 4.37 and a beta of 1.22.

AMC Networks (NASDAQ:AMCXGet Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.63). AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The firm had revenue of $596.50 million during the quarter, compared to analysts’ expectations of $601.74 million. During the same period in the prior year, the firm posted $2.62 earnings per share. AMC Networks’s revenue for the quarter was down 16.9% compared to the same quarter last year. Equities research analysts expect that AMC Networks Inc. will post 4.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMCX. Morgan Stanley dropped their price target on AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Monday, February 12th. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Finally, TheStreet raised AMC Networks from a “d+” rating to a “c-” rating in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.75.

View Our Latest Stock Analysis on AMCX

Institutional Trading of AMC Networks

A number of institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in AMC Networks by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock valued at $520,000 after purchasing an additional 1,434 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in AMC Networks during the 1st quarter valued at approximately $60,000. Swiss National Bank boosted its holdings in AMC Networks by 6.1% in the first quarter. Swiss National Bank now owns 57,000 shares of the company’s stock valued at $691,000 after purchasing an additional 3,300 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of AMC Networks in the 1st quarter valued at about $1,877,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of AMC Networks in the 1st quarter valued at about $118,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Company Profile

(Get Free Report)

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.

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