AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by Cwm LLC

Cwm LLC trimmed its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 70.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,786 shares of the company’s stock after selling 8,822 shares during the period. Cwm LLC’s holdings in AMC Networks were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in AMC Networks by 45.7% during the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company’s stock worth $35,000 after purchasing an additional 1,097 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of AMC Networks by 254.1% in the first quarter. GAMMA Investing LLC now owns 5,201 shares of the company’s stock valued at $36,000 after acquiring an additional 3,732 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of AMC Networks by 31.3% in the fourth 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 in the last quarter. Quantinno Capital Management LP lifted its position in shares of AMC Networks by 20.7% in the fourth quarter. Quantinno Capital Management LP now owns 12,255 shares of the company’s stock valued at $121,000 after acquiring an additional 2,102 shares in the last quarter. Finally, Bayesian Capital Management LP lifted its position in shares of AMC Networks by 30.0% in the fourth quarter. Bayesian Capital Management LP now owns 13,800 shares of the company’s stock valued at $137,000 after acquiring an additional 3,182 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Price Performance

AMCX stock opened at $5.98 on Wednesday. The business has a fifty day moving average of $6.25 and a two-hundred day moving average of $6.93. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 2.42. The stock has a market cap of $268.68 million, a price-to-earnings ratio of -1.01 and a beta of 1.38. AMC Networks Inc. has a 52-week low of $5.41 and a 52-week high of $10.72.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group decreased their target price on AMC Networks from $8.00 to $6.00 and set a “sell” rating on the stock in a research report on Tuesday, April 15th. Wall Street Zen upgraded AMC Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Morgan Stanley decreased their target price on AMC Networks from $6.00 to $5.50 and set an “underweight” rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company decreased their target price on AMC Networks from $8.00 to $4.00 and set an “underweight” rating on the stock in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price objective on AMC Networks from $8.00 to $6.00 and set an “underweight” rating on the stock in a research report on Monday, May 12th. Four equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.38.

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.