AMC Networks Inc. (NASDAQ:AMCX) Receives Consensus Recommendation of “Strong Sell” from Brokerages

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been assigned an average recommendation of “Strong Sell” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $11.75.

A number of equities research analysts have commented on the company. StockNews.com cut AMC Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. TheStreet upgraded AMC Networks from a “d+” rating to a “c-” rating in a report on Tuesday, February 13th. Finally, Morgan Stanley dropped their price target on AMC Networks from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Monday, February 12th.

Institutional Trading of AMC Networks

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of AMC Networks by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after purchasing an additional 30,721 shares during the last quarter. Barclays PLC grew its position in AMC Networks by 164.5% during the 3rd quarter. Barclays PLC now owns 41,906 shares of the company’s stock worth $495,000 after purchasing an additional 26,061 shares during the period. Smith Graham & Co. Investment Advisors LP acquired a new stake in AMC Networks during the 3rd quarter worth about $3,957,000. Assenagon Asset Management S.A. grew its position in AMC Networks by 152.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 39,895 shares of the company’s stock worth $750,000 after purchasing an additional 24,085 shares during the period. Finally, RWWM Inc. acquired a new stake in AMC Networks during the 3rd quarter worth about $2,068,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Performance

Shares of NASDAQ AMCX opened at $11.57 on Wednesday. The firm has a market cap of $503.99 million, a price-to-earnings ratio of 2.36 and a beta of 1.21. AMC Networks has a one year low of $9.87 and a one year high of $20.97. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.72 and a quick ratio of 1.72. The stock’s fifty day moving average price is $12.15 and its two-hundred day moving average price is $14.69.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.72 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $675.97 million. During the same period in the prior year, the company earned $2.52 EPS. AMC Networks’s revenue for the quarter was down 29.6% on a year-over-year basis. On average, equities analysts forecast that AMC Networks will post 5.7 EPS for the current year.

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.