Envestnet Asset Management Inc. Has $601,000 Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Envestnet Asset Management Inc. increased its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 44.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,748 shares of the company’s stock after acquiring an additional 18,611 shares during the period. Envestnet Asset Management Inc. owned 0.14% of AMC Networks worth $601,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in AMC Networks by 18.4% during the fourth quarter. Wells Fargo & Company MN now owns 26,216 shares of the company’s stock valued at $260,000 after purchasing an additional 4,083 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of AMC Networks by 8.7% during the 4th quarter. Trexquant Investment LP now owns 203,348 shares of the company’s stock worth $2,013,000 after buying an additional 16,329 shares during the period. Geode Capital Management LLC grew its stake in AMC Networks by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 801,643 shares of the company’s stock valued at $7,938,000 after buying an additional 26,047 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in AMC Networks by 191.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,247 shares of the company’s stock worth $448,000 after acquiring an additional 29,720 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in AMC Networks during the 4th quarter worth $631,000. 78.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMCX has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of AMC Networks from $8.00 to $4.00 and set an “underweight” rating on the stock in a research note on Thursday, April 17th. UBS Group dropped their target price on AMC Networks from $8.00 to $6.00 and set a “sell” rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 18th. Finally, StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.50.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $6.95, for a total value 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. The trade was a 88.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 25.87% of the stock is owned by corporate insiders.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $6.25 on Friday. The stock has a market capitalization of $275.85 million, a P/E ratio of -1.19 and a beta of 1.28. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. AMC Networks Inc. has a 1 year low of $5.41 and a 1 year high of $18.58. The firm has a 50 day moving average of $6.61 and a 200-day moving average of $8.24.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.41). The business had revenue of $599.30 million during the quarter, compared to the consensus estimate of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, sell-side analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

AMC Networks 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.