Weiss Ratings Reiterates “Sell (D)” Rating for AMC Networks (NASDAQ:AMCX)

AMC Networks (NASDAQ:AMCX)‘s stock had its “sell (d)” rating restated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wells Fargo & Company reissued an “underweight” rating on shares of AMC Networks in a research note on Sunday, August 10th. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $5.38.

AMC Networks Price Performance

AMCX stock opened at $7.89 on Wednesday. The stock has a market capitalization of $342.27 million, a P/E ratio of -1.81 and a beta of 1.47. The firm has a 50-day simple moving average of $7.43 and a 200-day simple moving average of $6.68. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 2.11. AMC Networks has a 52 week low of $5.41 and a 52 week high of $10.60.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, August 8th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. The business had revenue of $600.02 million during the quarter, compared to analysts’ expectations of $582.99 million. AMC Networks had a negative net margin of 7.42% and a positive return on equity of 15.73%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. AMC Networks has set its FY 2025 guidance at EPS. Equities analysts forecast that AMC Networks will post 2.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMC Networks

A number of institutional investors and hedge funds have recently bought and sold shares of AMCX. Hsbc Holdings PLC raised its stake in shares of AMC Networks by 10.8% in the 1st quarter. Hsbc Holdings PLC now owns 17,178 shares of the company’s stock valued at $120,000 after acquiring an additional 1,674 shares during the period. Man Group plc raised its stake in shares of AMC Networks by 6.7% in the 2nd quarter. Man Group plc now owns 27,669 shares of the company’s stock valued at $173,000 after acquiring an additional 1,735 shares during the period. CWM LLC raised its stake in shares of AMC Networks by 50.4% in the 2nd quarter. CWM LLC now owns 5,695 shares of the company’s stock valued at $36,000 after acquiring an additional 1,909 shares during the period. Gabelli Funds LLC raised its stake in shares of AMC Networks by 1.6% in the 1st quarter. Gabelli Funds LLC now owns 136,000 shares of the company’s stock valued at $936,000 after acquiring an additional 2,200 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of AMC Networks by 133.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company’s stock valued at $30,000 after acquiring an additional 2,735 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.