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

AMC Networks Inc. (NASDAQ:AMCX)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.60 and traded as high as $9.58. AMC Networks shares last traded at $9.25, with a volume of 359,449 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AMCX shares. Zacks Research downgraded shares of AMC Networks from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 4th. Wells Fargo & Company upgraded AMC Networks from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $5.00 to $8.00 in a research note on Monday, November 10th. Seaport Res Ptn downgraded AMC Networks from a “strong-buy” rating to a “hold” rating in a report on Sunday, December 14th. Weiss Ratings restated a “sell (d)” rating on shares of AMC Networks in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on shares of AMC Networks from $5.50 to $6.00 and gave the stock an “underweight” rating in a report on Thursday, December 18th. Two investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and a consensus target price of $6.50.

AMC Networks Trading Down 2.8%

The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a fifty day moving average of $8.77 and a 200-day moving average of $7.61. The firm has a market cap of $402.65 million, a P/E ratio of -2.47 and a beta of 1.04.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Friday, November 7th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.13). The firm had revenue of $561.74 million during the quarter, compared to analyst estimates of $549.27 million. AMC Networks had a positive return on equity of 11.67% and a negative net margin of 6.03%.The firm’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. Equities research analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Hedge Funds Weigh In On AMC Networks

Several hedge funds and other institutional investors have recently made changes to their positions in AMCX. Advisory Services Network LLC bought a new stake in shares of AMC Networks in the 3rd quarter worth $43,000. Jacobs Levy Equity Management Inc. grew its holdings in AMC Networks by 1.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 351,198 shares of the company’s stock worth $2,894,000 after acquiring an additional 6,417 shares during the period. Verition Fund Management LLC acquired a new position in AMC Networks during the third quarter worth about $90,000. Public Employees Retirement System of Ohio raised its position in AMC Networks by 12.5% in the third quarter. Public Employees Retirement System of Ohio now owns 33,748 shares of the company’s stock worth $278,000 after acquiring an additional 3,752 shares in the last quarter. Finally, Numerai GP LLC acquired a new stake in AMC Networks in the 3rd quarter valued at about $193,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

About AMC Networks

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.