Deutsche Bank AG Has $288,000 Stock Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Deutsche Bank AG raised its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 117.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,128 shares of the company’s stock after purchasing an additional 15,744 shares during the quarter. Deutsche Bank AG owned 0.07% of AMC Networks worth $288,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in shares of AMC Networks by 45.7% in the 4th quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company’s stock valued at $35,000 after acquiring an additional 1,097 shares during the last quarter. R Squared Ltd bought a new position in shares of AMC Networks in the 4th quarter valued at $59,000. Federated Hermes Inc. lifted its stake in shares of AMC Networks by 31.3% in the 4th quarter. Federated Hermes Inc. now owns 8,049 shares of the company’s stock valued at $80,000 after acquiring an additional 1,918 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of AMC Networks in the 4th quarter valued at $106,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of AMC Networks in the 4th quarter valued at $134,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Stock Performance

AMCX stock opened at $6.57 on Monday. The stock has a 50-day moving average price of $6.31 and a 200-day moving average price of $7.96. AMC Networks Inc. has a 1-year low of $5.41 and a 1-year high of $18.58. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63. The firm has a market cap of $295.17 million, a PE ratio of -1.25 and a beta of 1.43.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.21). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The business had revenue of $555.23 million during the quarter, compared to the consensus estimate of $567.23 million. During the same period last year, the business posted $1.16 earnings per share. The business’s revenue was down 6.9% on a year-over-year basis. As a group, equities research analysts expect that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen upgraded AMC Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Morgan Stanley dropped their price target on AMC Networks from $6.00 to $5.50 and set an “underweight” rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. dropped their price target on AMC Networks from $8.00 to $6.00 and set an “underweight” rating for the company in a research note on Monday, May 12th. Wells Fargo & Company lowered their target price on AMC Networks from $8.00 to $4.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Finally, UBS Group lowered their target price on AMC Networks from $8.00 to $6.00 and set a “sell” rating for the company in a research report on Tuesday, April 15th. Four analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.38.

Insider Transactions at AMC Networks

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the completion of the sale, the insider now directly owns 20,833 shares in the company, valued at $144,789.35. This trade represents a 88.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 15.62% of the company’s stock.

About AMC Networks

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.