AMC Networks Inc. (NASDAQ:AMCX) Given Average Rating of “Strong Sell” by Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been assigned an average rating of “Strong Sell” from the six analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $6.3750.

Several equities analysts have issued reports on the company. Zacks Research lowered AMC Networks from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Wells Fargo & Company upgraded shares of AMC Networks from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $5.00 to $8.00 in a research note on Monday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of AMC Networks in a research note on Wednesday, October 8th.

Institutional Trading of AMC Networks

Several large investors have recently made changes to their positions in the company. RWWM Inc. increased its position in AMC Networks by 22.7% in the 2nd quarter. RWWM Inc. now owns 3,330,026 shares of the company’s stock valued at $20,879,000 after buying an additional 617,105 shares in the last quarter. Marshall Wace LLP grew its stake in AMC Networks by 39.2% in the second quarter. Marshall Wace LLP now owns 1,419,545 shares of the company’s stock valued at $8,901,000 after acquiring an additional 399,478 shares during the period. Readystate Asset Management LP increased its holdings in shares of AMC Networks by 352.5% during the first quarter. Readystate Asset Management LP now owns 405,383 shares of the company’s stock valued at $2,789,000 after acquiring an additional 315,787 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of AMC Networks by 941.3% during the first quarter. Acadian Asset Management LLC now owns 332,994 shares of the company’s stock worth $2,290,000 after purchasing an additional 301,016 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of AMC Networks by 33.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 791,874 shares of the company’s stock worth $6,549,000 after purchasing an additional 199,186 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Stock Performance

Shares of AMC Networks stock opened at $8.22 on Thursday. The business has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $6.90. AMC Networks has a 1-year low of $5.41 and a 1-year high of $10.60. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 2.11. The company has a market cap of $356.62 million, a P/E ratio of -1.88 and a beta of 1.43.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, November 7th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.13). AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. The business had revenue of $561.74 million for the quarter, compared to the consensus estimate of $549.27 million. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. AMC Networks has set its FY 2025 guidance at EPS. As a group, analysts anticipate that AMC Networks will post 2.62 EPS for the current year.

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.