AMC Networks Inc. (NASDAQ:AMCX) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of AMC Networks Inc. (NASDAQ:AMCXGet Rating) by 32.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,078 shares of the company’s stock after selling 5,330 shares during the quarter. SG Americas Securities LLC’s holdings in AMC Networks were worth $450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Strs Ohio acquired a new position in shares of AMC Networks during the 1st quarter valued at about $65,000. Inspire Investing LLC acquired a new stake in AMC Networks during the 1st quarter worth approximately $235,000. Denali Advisors LLC increased its position in AMC Networks by 68,039.2% during the 1st quarter. Denali Advisors LLC now owns 34,751 shares of the company’s stock worth $1,412,000 after purchasing an additional 34,700 shares in the last quarter. Investors Research Corp increased its position in AMC Networks by 32.0% during the 1st quarter. Investors Research Corp now owns 1,650 shares of the company’s stock worth $67,000 after purchasing an additional 400 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in AMC Networks by 2.9% during the 1st quarter. Maryland State Retirement & Pension System now owns 11,823 shares of the company’s stock worth $480,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AMCX. Moffett Nathanson dropped their target price on shares of AMC Networks to $30.00 in a research report on Friday, July 22nd. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. The Goldman Sachs Group lowered their price objective on shares of AMC Networks from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, July 26th. Guggenheim lowered their price objective on shares of AMC Networks from $44.00 to $35.00 in a research report on Friday, May 6th. Finally, Morgan Stanley lowered their price objective on shares of AMC Networks from $40.00 to $35.00 in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, AMC Networks has an average rating of “Hold” and a consensus price target of $34.29.

AMC Networks Stock Performance

AMC Networks stock opened at $28.93 on Friday. The stock has a market cap of $1.23 billion, a P/E ratio of 4.70 and a beta of 1.03. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.86. The stock has a 50 day moving average of $31.49 and a 200-day moving average of $36.32. AMC Networks Inc. has a 52 week low of $27.36 and a 52 week high of $56.04.

AMC Networks (NASDAQ:AMCXGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.39. AMC Networks had a return on equity of 45.15% and a net margin of 8.64%. The firm had revenue of $712.16 million for the quarter, compared to analysts’ expectations of $760.80 million. During the same period last year, the business posted $2.98 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts expect that AMC Networks Inc. will post 8.23 EPS for the current fiscal year.

AMC Networks Company Profile

(Get Rating)

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other.

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Institutional Ownership by Quarter for AMC Networks (NASDAQ:AMCX)

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