AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of AMC Networks Inc. (NASDAQ:AMCXFree Report) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,984 shares of the company’s stock after selling 1,903 shares during the period. PNC Financial Services Group Inc.’s holdings in AMC Networks were worth $94,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in AMC Networks during the fourth quarter valued at approximately $33,000. Public Employees Retirement System of Ohio lifted its stake 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 last quarter. Nisa Investment Advisors LLC lifted its stake in AMC Networks by 98.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock valued at $81,000 after purchasing an additional 2,146 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AMC Networks by 94.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,091 shares of the company’s stock valued at $114,000 after purchasing an additional 2,959 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of AMC Networks during the fourth quarter valued at approximately $248,000. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Stock Up 0.9 %

AMC Networks stock opened at $9.72 on Friday. The firm has a market cap of $423.19 million, a PE ratio of 2.72 and a beta of 1.30. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s 50 day moving average price is $13.67 and its two-hundred day moving average price is $14.28. AMC Networks Inc. has a twelve month low of $8.84 and a twelve month high of $20.97.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.75.

Get Our Latest Analysis on AMC Networks

Insider Buying and Selling at AMC Networks

In other AMC Networks news, insider Kimberly Kelleher sold 10,941 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $17.22, for a total value of $188,404.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Kimberly Kelleher sold 10,941 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $17.22, for a total transaction of $188,404.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Michael J. Sherin III sold 3,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $15.61, for a total transaction of $46,830.00. Following the transaction, the chief accounting officer now owns 4,948 shares in the company, valued at approximately $77,238.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,348 shares of company stock worth $888,957. 25.87% of the stock is currently owned by company insiders.

AMC Networks Profile

(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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Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)

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