PharVision Advisers LLC Purchases New Shares in AMC Networks Inc. (NASDAQ:AMCX)

PharVision Advisers LLC acquired a new stake in AMC Networks Inc. (NASDAQ:AMCX) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 54,367 shares of the company’s stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMCX. JPMorgan Chase & Co. grew its position in shares of AMC Networks by 333.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company’s stock worth $16,066,000 after buying an additional 1,248,571 shares during the period. Contrarius Group Holdings Ltd acquired a new stake in shares of AMC Networks during the fourth quarter worth $5,359,000. Janus Henderson Group PLC lifted its holdings in shares of AMC Networks by 2,483.1% in the fourth quarter. Janus Henderson Group PLC now owns 309,090 shares of the company’s stock valued at $3,060,000 after purchasing an additional 297,124 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in AMC Networks by 22.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company’s stock worth $14,505,000 after acquiring an additional 267,044 shares during the last quarter. Finally, RWWM Inc. grew its position in AMC Networks by 20.6% in the fourth quarter. RWWM Inc. now owns 1,556,654 shares of the company’s stock valued at $15,411,000 after purchasing an additional 266,322 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks Trading Up 1.3%

Shares of AMCX opened at $6.47 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market cap of $290.68 million, a price-to-earnings ratio of -1.23 and a beta of 1.43. AMC Networks Inc. has a 52-week low of $5.41 and a 52-week high of $18.58. The business’s fifty day moving average is $6.42 and its 200-day moving average is $8.09.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.21). The firm had revenue of $555.23 million for the quarter, compared to the consensus estimate of $567.23 million. AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The company’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. Equities analysts anticipate that AMC Networks Inc. will post 2.62 EPS for the current fiscal year.

Insider Transactions at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.35. This represents a 88.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 25.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company dropped their price objective on AMC Networks from $8.00 to $4.00 and set an “underweight” rating on the stock in a research note on Thursday, April 17th. UBS Group dropped their price target on shares of AMC Networks from $8.00 to $6.00 and set a “sell” rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley decreased their price objective on shares of AMC Networks from $6.00 to $5.50 and set an “underweight” rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. lowered their price objective on shares of AMC Networks from $8.00 to $6.00 and set an “underweight” rating on the stock in a research note on Monday, May 12th. Finally, StockNews.com upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a sell rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AMC Networks has an average rating of “Hold” and a consensus target price of $5.38.

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.