ExodusPoint Capital Management LP Has $3.92 Million Holdings in AMC Networks Inc. (NASDAQ:AMCX)

ExodusPoint Capital Management LP decreased its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 51.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 395,415 shares of the company’s stock after selling 426,438 shares during the quarter. ExodusPoint Capital Management LP’s holdings in AMC Networks were worth $3,915,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in AMC Networks by 163.9% in the third quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock valued at $778,000 after purchasing an additional 55,565 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in AMC Networks in the 3rd quarter valued at about $231,000. Point72 DIFC Ltd acquired a new position in AMC Networks during the 3rd quarter worth approximately $235,000. Quantinno Capital Management LP bought a new position in AMC Networks in the third quarter worth approximately $88,000. Finally, XTX Topco Ltd grew its stake in AMC Networks by 333.5% in the third quarter. XTX Topco Ltd now owns 48,093 shares of the company’s stock valued at $418,000 after acquiring an additional 36,999 shares during the period. Institutional investors own 78.51% of the company’s stock.

Insider Transactions at AMC Networks

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.95, for a total transaction of $1,072,697.75. Following the sale, the insider now directly owns 20,833 shares in the company, valued at $144,789.35. The trade was a 88.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 25.87% of the company’s stock.

AMC Networks Price Performance

AMCX opened at $6.21 on Monday. AMC Networks Inc. has a 1 year low of $5.85 and a 1 year high of $18.58. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market capitalization of $274.08 million, a price-to-earnings ratio of -1.18 and a beta of 1.28. The firm’s fifty day moving average price is $7.94 and its two-hundred day moving average price is $8.55.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Friday, February 14th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). The firm had revenue of $599.30 million for the quarter, compared to analysts’ expectations of $611.26 million. AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. As a group, analysts anticipate that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMCX. JPMorgan Chase & Co. cut their target price on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley decreased their target price on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AMC Networks currently has an average rating of “Hold” and a consensus price target of $8.00.

About AMC Networks

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.