Amc Networks Inc (NASDAQ:AMCX) CFO Sean S. Sullivan sold 27,232 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $54.61, for a total value of $1,487,139.52. Following the sale, the chief financial officer now owns 40,090 shares of the company’s stock, valued at approximately $2,189,314.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of AMCX stock opened at $55.30 on Friday. Amc Networks Inc has a 1-year low of $51.04 and a 1-year high of $69.02. The firm has a market cap of $3.06 billion, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 0.72 and a beta of 0.87. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 6.82.
Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $2.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.25 by $0.39. Amc Networks had a return on equity of 152.19% and a net margin of 14.35%. The firm had revenue of $784.22 million for the quarter, compared to analyst estimates of $775.37 million. During the same quarter in the prior year, the company posted $2.65 earnings per share. Amc Networks’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts predict that Amc Networks Inc will post 8.6 EPS for the current fiscal year.
Several research firms have recently commented on AMCX. Zacks Investment Research upgraded Amc Networks from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Friday, February 15th. BidaskClub cut Amc Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Gabelli restated a “buy” rating on shares of Amc Networks in a research note on Tuesday. Imperial Capital restated an “underperform” rating and set a $53.00 price target (down previously from $56.00) on shares of Amc Networks in a research note on Friday, March 15th. Finally, ValuEngine lowered Amc Networks from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Amc Networks has a consensus rating of “Hold” and a consensus price target of $59.67.
A number of hedge funds have recently made changes to their positions in AMCX. Northwestern Mutual Wealth Management Co. grew its holdings in Amc Networks by 148.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 612 shares of the company’s stock worth $35,000 after acquiring an additional 366 shares during the period. Golden State Wealth Management LLC acquired a new position in Amc Networks during the first quarter worth $43,000. IFP Advisors Inc grew its holdings in Amc Networks by 17.0% during the fourth 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. Advisors Preferred LLC acquired a new position in Amc Networks during the first quarter worth $74,000. Finally, Icon Wealth Partners LLC acquired a new position in Amc Networks during the first quarter worth $79,000. 95.77% of the stock is currently owned by hedge funds and other institutional investors.
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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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