2 weeks Ago By Defense World Staff
Prudential Financial Inc. cut its position in AMC Networks Inc. (NASDAQ:AMCX – Free Report) by 2.
9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,097 shares of the company’s stock after selling 4,500 shares during the period. Prudential Financial Inc.
owned 0.35% of AMC Networks worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also modified their holdings of the company.
BNP Paribas Financial Markets increased its holdings 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 buying an additional 55,565 shares during the last quarter.
Paloma Partners Management Co purchased a new position in shares of AMC Networks in the 3rd quarter valued at about $253,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of AMC Networks during the 3rd quarter worth about $231,000.
Point72 DIFC Ltd purchased a new stake in AMC Networks during the third quarter worth approximately $235,000. Finally, Quarry LP boosted its holdings in AMC Networks by 325.2% in the third quarter.
Quarry LP now owns 18,262 shares of the company’s stock valued at $159,000 after purchasing an additional 13,967 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their BetsIn other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $6.
95, for a total transaction of $1,072,697.75. Following the completion of the transaction, the insider now owns 20,833 shares in the company, valued at approximately $144,789.
35. This represents a 88.11 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.87% of the stock is owned by insiders.
AMC Networks Stock PerformanceShares of AMC Networks stock opened at $6.21 on Friday. The firm’s fifty day simple moving average is $7.
94 and its 200-day simple moving average is $8.56. AMC Networks Inc.
has a 12 month low of $5.85 and a 12 month high of $18.58.
The stock has a market capitalization of $274.08 million, a price-to-earnings ratio of -1.18 and a beta of 1.
28. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.
38 and a quick ratio of 2.38. AMC Networks (NASDAQ:AMCX – Get Free Report) last announced its earnings results on Friday, February 14th.
The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.
41). AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.
61%. The business had revenue of $599.30 million during the quarter, compared to analysts’ expectations of $611.
26 million. During the same period in the previous year, the company posted $0.72 earnings per share.
AMC Networks’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities analysts forecast that AMC Networks Inc.
will post 2.62 earnings per share for the current year. Analyst Upgrades and DowngradesA number of analysts have weighed in on AMCX shares.
Morgan Stanley cut their price objective on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 20th.
JPMorgan Chase & Co. reduced their price target on shares of AMC Networks from $9.00 to $8.
00 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. Finally, StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th.
Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.00.
Check Out Our Latest Stock Report on AMCXAbout AMC Networks (Free Report)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.Recommended StoriesFive stocks we like better than AMC Networks3 Grocery Stocks That Can Help Take a Bite Out of Inflation Conagra Stock Could Thrive as Tariffs Hit Other SectorsManufacturing Stocks InvestingGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsElection Stocks: How Elections Affect the Stock MarketSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?.
