Citigroup Inc. Sells 22,006 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Citigroup Inc. trimmed its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 50.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,569 shares of the company’s stock after selling 22,006 shares during the quarter. Citigroup Inc.’s holdings in AMC Networks were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its holdings in AMC Networks by 206.2% in the 3rd quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock worth $28,000 after buying an additional 1,592 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of AMC Networks by 2,007.8% in the 4th quarter. Meeder Asset Management Inc. now owns 2,171 shares of the company’s stock valued at $34,000 after purchasing an additional 2,068 shares during the period. State of Wyoming lifted its stake in shares of AMC Networks by 237.1% in the 4th quarter. State of Wyoming now owns 2,825 shares of the company’s stock valued at $44,000 after purchasing an additional 1,987 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of AMC Networks by 20.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock valued at $52,000 after purchasing an additional 737 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of AMC Networks by 506.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,942 shares of the company’s stock valued at $59,000 after purchasing an additional 4,127 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMCX shares. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Morgan Stanley reduced their target price on AMC Networks from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, February 12th. TheStreet raised AMC Networks from a “d+” rating to a “c-” rating in a report on Tuesday, February 13th. Finally, Seaport Res Ptn lowered AMC Networks from a “buy” rating to a “neutral” rating in a report on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.75.

AMC Networks Stock Performance

NASDAQ:AMCX opened at $12.29 on Thursday. The stock has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $14.70. AMC Networks Inc. has a 52-week low of $9.96 and a 52-week high of $20.97. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $535.35 million, a PE ratio of 2.51 and a beta of 1.21.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.68 by $0.04. AMC Networks had a return on equity of 30.42% and a net margin of 7.95%. The business had revenue of $678.80 million for the quarter, compared to the consensus estimate of $675.97 million. During the same period in the previous year, the business earned $2.52 earnings per share. The business’s revenue was down 29.6% on a year-over-year basis. Analysts forecast that AMC Networks Inc. will post 5.7 EPS for the current year.

AMC Networks 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.