AMC Networks (NASDAQ:AMCX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

AMC Networks Inc. (NASDAQ:AMCX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.19 and traded as high as $8.22. AMC Networks shares last traded at $8.05, with a volume of 445,246 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMCX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of AMC Networks in a research report on Wednesday, January 21st. Wells Fargo & Company boosted their price target on shares of AMC Networks from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Zacks Research raised shares of AMC Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Seaport Research Partners lowered AMC Networks from a “strong-buy” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Morgan Stanley lifted their price objective on AMC Networks from $5.50 to $6.00 and gave the company an “underweight” rating in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Strong Sell” and a consensus target price of $7.00.

AMC Networks Trading Down 3.0%

The company’s 50 day moving average price is $8.16 and its 200 day moving average price is $8.19. The company has a market cap of $343.82 million, a price-to-earnings ratio of 5.88 and a beta of 1.05. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.67 and a current ratio of 1.67.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.14. The business had revenue of $594.80 million during the quarter, compared to analyst estimates of $581.83 million. AMC Networks had a net margin of 3.87% and a return on equity of 11.32%. AMC Networks’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 EPS. Research analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current year.

Institutional Trading of AMC Networks

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in AMC Networks by 33.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 791,874 shares of the company’s stock valued at $6,549,000 after acquiring an additional 199,186 shares during the period. Acadian Asset Management LLC increased its stake in shares of AMC Networks by 9.9% in the second quarter. Acadian Asset Management LLC now owns 365,819 shares of the company’s stock worth $2,292,000 after purchasing an additional 32,825 shares during the period. GSA Capital Partners LLP acquired a new position in shares of AMC Networks during the 3rd quarter worth about $995,000. Atria Investments Inc boosted its stake in AMC Networks by 103.2% during the 2nd quarter. Atria Investments Inc now owns 37,842 shares of the company’s stock valued at $237,000 after purchasing an additional 19,216 shares during the period. Finally, American Century Companies Inc. boosted its stake in AMC Networks by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 995,837 shares of the company’s stock valued at $6,244,000 after purchasing an additional 102,346 shares during the period. Institutional investors own 78.51% of the company’s stock.

AMC Networks Company Profile

AMC Networks Inc (NASDAQ: AMCX) is a global entertainment company that specializes in the development, production and distribution of premium content for television and streaming platforms. Headquartered in New York City, the company operates a portfolio of pay television channels in the U.S. and abroad, and offers direct-to-consumer streaming services that feature both original programming and licensed fare. AMC Networks is best known for critically acclaimed series such as “Breaking Bad,” “Mad Men” and “The Walking Dead,” and it continues to invest in new scripted and unscripted content across a range of genres.

The company’s core television networks in the United States include AMC, IFC, Sundance TV and WE tv, while its joint venture with BBC Studios supports BBC America.