AMC Networks Inc. (NASDAQ:AMCX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 254.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,201 shares of the company’s stock after purchasing an additional 3,732 shares during the quarter. GAMMA Investing LLC’s holdings in AMC Networks were worth $36,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in AMC Networks by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 1,715,833 shares of the company’s stock worth $16,987,000 after purchasing an additional 39,581 shares during the period. JPMorgan Chase & Co. raised its holdings in AMC Networks by 333.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company’s stock worth $16,066,000 after purchasing an additional 1,248,571 shares during the period. RWWM Inc. raised its holdings in AMC Networks by 20.6% in the 4th quarter. RWWM Inc. now owns 1,556,654 shares of the company’s stock worth $15,411,000 after purchasing an additional 266,322 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in AMC Networks by 22.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company’s stock worth $14,505,000 after purchasing an additional 267,044 shares during the period. Finally, American Century Companies Inc. raised its holdings in AMC Networks by 3.4% in the 4th quarter. American Century Companies Inc. now owns 824,096 shares of the company’s stock worth $8,159,000 after purchasing an additional 27,273 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Price Performance

Shares of AMC Networks stock opened at $6.29 on Friday. The business has a 50 day simple moving average of $6.34 and a two-hundred day simple moving average of $7.59. AMC Networks Inc. has a 12 month low of $5.41 and a 12 month high of $11.57. The stock has a market capitalization of $282.61 million, a P/E ratio of -1.06 and a beta of 1.38. The company has a debt-to-equity ratio of 2.42, a current ratio of 2.26 and a quick ratio of 2.26.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, May 9th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). AMC Networks had a negative net margin of 10.68% and a positive return on equity of 17.26%. The firm had revenue of $555.23 million for the quarter, compared to analyst estimates of $567.23 million. During the same period in the previous year, the company earned $1.16 EPS. AMC Networks’s revenue was down 6.9% compared to the same quarter last year. As a group, analysts predict that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.