Point72 Asia Singapore Pte. Ltd. Has $288,000 Holdings in AMC Networks Inc. (NASDAQ:AMCX)

Point72 Asia Singapore Pte. Ltd. lessened its stake in AMC Networks Inc. (NASDAQ:AMCX) by 43.1% in the fourth quarter, Holdings Channel reports. The firm owned 29,097 shares of the company’s stock after selling 22,035 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in AMC Networks were worth $288,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in AMC Networks in the fourth quarter valued at approximately $779,000. Quantinno Capital Management LP raised its position in AMC Networks by 20.7% in the 4th quarter. Quantinno Capital Management LP now owns 12,255 shares of the company’s stock valued at $121,000 after buying an additional 2,102 shares during the last quarter. Numerai GP LLC purchased a new stake in AMC Networks in the 4th quarter valued at $876,000. Lazard Asset Management LLC bought a new position in AMC Networks in the 4th quarter valued at $671,000. Finally, Janus Henderson Group PLC increased its holdings in AMC Networks by 2,483.1% in the 4th quarter. Janus Henderson Group PLC now owns 309,090 shares of the company’s stock worth $3,060,000 after acquiring an additional 297,124 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insider Buying and Selling at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of AMC Networks stock in a transaction 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 completion of the sale, the insider now directly owns 20,833 shares of the company’s stock, valued at $144,789.35. The trade was a 88.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMCX has been the subject of a number of recent analyst reports. Morgan Stanley reduced their target price on AMC Networks from $6.00 to $5.50 and set an “underweight” rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their target price on AMC Networks from $8.00 to $6.00 and set an “underweight” rating for the company in a research report on Monday. StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company lowered their price objective on AMC Networks from $8.00 to $4.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Finally, UBS Group reduced their target price on AMC Networks from $8.00 to $6.00 and set a “sell” rating on the stock in a research note on Tuesday, April 15th. 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 stock. According to data from MarketBeat, AMC Networks has a consensus rating of “Hold” and an average target price of $5.38.

AMC Networks Stock Up 4.6%

AMCX stock opened at $6.42 on Friday. The business’s 50-day moving average is $6.46 and its two-hundred day moving average is $8.13. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. AMC Networks Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $18.58. The company has a market cap of $283.35 million, a price-to-earnings ratio of -1.22 and a beta of 1.43.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, May 9th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.21). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The business had revenue of $555.23 million for the quarter, compared to analysts’ expectations of $567.23 million. During the same quarter in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, analysts forecast that AMC Networks Inc. will post 2.62 earnings per share for the current year.

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.