New York State Common Retirement Fund Sells 6,150 Shares of AMC Networks Inc. (NASDAQ:AMCX)

New York State Common Retirement Fund cut its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 4.7% in the fourth quarter, Holdings Channel reports. The firm owned 124,155 shares of the company’s stock after selling 6,150 shares during the quarter. New York State Common Retirement Fund’s holdings in AMC Networks were worth $2,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Signaturefd LLC grew its position in shares of AMC Networks by 206.2% during the 3rd quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock worth $28,000 after buying an additional 1,592 shares during the period. Public Employees Retirement System of Ohio grew its holdings in AMC Networks by 20.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock valued at $52,000 after purchasing an additional 737 shares during the period. EMC Capital Management increased its stake in AMC Networks by 270.1% in the third quarter. EMC Capital Management now owns 6,292 shares of the company’s stock valued at $74,000 after purchasing an additional 4,592 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in AMC Networks by 70.6% in the third quarter. PNC Financial Services Group Inc. now owns 6,887 shares of the company’s stock worth $81,000 after purchasing an additional 2,849 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of AMC Networks by 98.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock worth $81,000 after purchasing an additional 2,146 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

AMCX has been the subject of a number of recent analyst reports. StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. TheStreet raised AMC Networks from a “d+” rating to a “c-” rating in a research note on Tuesday, February 13th. Finally, Morgan Stanley cut their price objective on shares of AMC Networks from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Monday, February 12th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.75.

AMC Networks Stock Performance

Shares of AMCX opened at $12.76 on Wednesday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a 50-day moving average of $11.78 and a 200-day moving average of $14.63. The company has a market cap of $555.83 million, a PE ratio of 2.60 and a beta of 1.22. AMC Networks Inc. has a one year low of $9.87 and a one year high of $20.97.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $675.97 million. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The company’s revenue was down 29.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.52 earnings per share. As a group, equities analysts forecast that AMC Networks Inc. will post 6.87 earnings per share for the current year.

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.