AMC Networks Inc. (NASDAQ:AMCX) CFO Patrick O’connell Sells 5,000 Shares

AMC Networks Inc. (NASDAQ:AMCX) CFO Patrick O’connell sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $16.02, for a total value of $80,100.00. Following the completion of the transaction, the chief financial officer now directly owns 6,459 shares of the company’s stock, valued at $103,473.18. The sale was disclosed in a filing with the SEC, which is available at this link.

AMC Networks Price Performance

Shares of AMCX stock traded down $0.35 during trading hours on Friday, reaching $15.61. 993,755 shares of the company were exchanged, compared to its average volume of 670,122. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.85 and a quick ratio of 1.72. The stock’s fifty day moving average is $12.13 and its two-hundred day moving average is $14.76. AMC Networks Inc. has a fifty-two week low of $9.87 and a fifty-two week high of $20.97. The company has a market cap of $679.97 million, a price-to-earnings ratio of 4.37 and a beta of 1.22.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, May 10th. The company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.63). The firm had revenue of $596.50 million during the quarter, compared to the consensus estimate of $601.74 million. AMC Networks had a net margin of 6.09% and a return on equity of 23.57%. The firm’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.62 earnings per share. Sell-side analysts forecast that AMC Networks Inc. will post 4.93 earnings per share for the current fiscal year.

Institutional Trading of AMC Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of AMC Networks in the 4th quarter valued at about $33,000. Signaturefd LLC lifted its stake in shares of AMC Networks by 206.2% in the 3rd quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock valued at $28,000 after purchasing an additional 1,592 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of AMC Networks by 98.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock worth $81,000 after purchasing an additional 2,146 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of AMC Networks by 20.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock worth $52,000 after purchasing an additional 737 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in AMC Networks in the first quarter valued at about $60,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. TheStreet raised AMC Networks from a “d+” rating to a “c-” rating in a report on Tuesday, February 13th. Finally, Morgan Stanley dropped their price target on AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, February 12th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.75.

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.