Amc Networks Inc (NASDAQ:AMCX) EVP James Gallagher sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $54.61, for a total transaction of $273,050.00. Following the completion of the transaction, the executive vice president now directly owns 15,689 shares in the company, valued at approximately $856,776.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of AMCX traded down $0.52 on Friday, reaching $54.78. The company’s stock had a trading volume of 364,678 shares, compared to its average volume of 640,822. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 6.82. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.72 and a beta of 0.87. Amc Networks Inc has a 12-month low of $51.04 and a 12-month high of $69.02.
Amc Networks (NASDAQ:AMCX) last released its earnings results on Wednesday, May 1st. The company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.39. Amc Networks had a net margin of 14.35% and a return on equity of 152.19%. The company had revenue of $784.22 million for the quarter, compared to analysts’ expectations of $775.37 million. During the same quarter last year, the business earned $2.65 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that Amc Networks Inc will post 8.6 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in Amc Networks by 17.0% during the 4th quarter. IFP Advisors Inc now owns 1,196 shares of the company’s stock worth $65,000 after acquiring an additional 174 shares during the period. Mason Street Advisors LLC raised its stake in Amc Networks by 0.8% during the 1st quarter. Mason Street Advisors LLC now owns 23,786 shares of the company’s stock worth $1,350,000 after acquiring an additional 191 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Amc Networks by 2.1% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,692 shares of the company’s stock worth $550,000 after acquiring an additional 198 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Amc Networks by 4.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,000 shares of the company’s stock worth $274,000 after acquiring an additional 200 shares during the period. Finally, Hanson & Doremus Investment Management raised its stake in Amc Networks by 14.2% during the 1st quarter. Hanson & Doremus Investment Management now owns 1,812 shares of the company’s stock worth $103,000 after acquiring an additional 226 shares during the period. Institutional investors own 95.77% of the company’s stock.
AMCX has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Amc Networks from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BidaskClub raised shares of Amc Networks from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. ValuEngine downgraded shares of Amc Networks from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Imperial Capital reissued an “underperform” rating and issued a $53.00 price objective (down previously from $56.00) on shares of Amc Networks in a report on Friday, March 15th. Finally, Gabelli reissued a “buy” rating on shares of Amc Networks in a report on Tuesday. Six analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $59.67.
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About Amc Networks
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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