AMC Networks Inc. (NASDAQ:AMCX) Receives Consensus Rating of “Strong Sell” from Brokerages

Shares of AMC Networks Inc. (NASDAQ:AMCX) have received a consensus rating of “Strong Sell” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.75.

A number of research analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, February 12th. StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. Finally, TheStreet raised shares of AMC Networks from a “d+” rating to a “c-” rating in a research note on Tuesday, February 13th.

AMC Networks Price Performance

NASDAQ AMCX opened at $11.57 on Wednesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.72 and a current ratio of 1.72. The firm’s 50 day moving average price is $12.15 and its 200-day moving average price is $14.69. AMC Networks has a 52-week low of $9.87 and a 52-week high of $20.97. The company has a market cap of $503.99 million, a PE ratio of 2.36 and a beta of 1.21.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, February 9th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $678.80 million during the quarter, compared to the consensus estimate of $675.97 million. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. AMC Networks’s revenue was down 29.6% compared to the same quarter last year. During the same period last year, the firm earned $2.52 earnings per share. Sell-side analysts forecast that AMC Networks will post 5.7 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Networks

A number of large investors have recently made changes to their positions in AMCX. RWWM Inc. boosted 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 worth $9,682,000 after purchasing an additional 339,912 shares during the last quarter. Smith Graham & Co. Investment Advisors LP purchased a new stake in shares of AMC Networks during the third quarter valued at approximately $3,957,000. Charles Schwab Investment Management Inc. raised its stake in shares of AMC Networks by 29.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,374,249 shares of the company’s stock valued at $16,189,000 after purchasing an additional 314,486 shares during the period. Algert Global LLC raised its stake in shares of AMC Networks by 29.4% during the third quarter. Algert Global LLC now owns 242,239 shares of the company’s stock valued at $2,854,000 after purchasing an additional 55,070 shares during the period. Finally, Denali Advisors LLC increased its stake in shares of AMC Networks by 31.2% in the third quarter. Denali Advisors LLC now owns 224,259 shares of the company’s stock worth $2,642,000 after buying an additional 53,359 shares during the last quarter. Hedge funds and other institutional investors own 78.51% 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.