Susquehanna Fundamental Investments LLC Invests $1.52 Million in AMC Networks Inc. (NASDAQ:AMCX)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of AMC Networks Inc. (NASDAQ:AMCX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 153,014 shares of the company’s stock, valued at approximately $1,515,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of AMC Networks by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 1,715,833 shares of the company’s stock valued at $16,987,000 after acquiring an additional 39,581 shares during the period. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 1,248,571 shares during the last quarter. RWWM Inc. lifted its stake in shares of AMC Networks by 20.6% during the 4th quarter. RWWM Inc. now owns 1,556,654 shares of the company’s stock worth $15,411,000 after purchasing an additional 266,322 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of AMC Networks by 3.4% during the 4th quarter. American Century Companies Inc. now owns 824,096 shares of the company’s stock worth $8,159,000 after purchasing an additional 27,273 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of AMC Networks by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 801,643 shares of the company’s stock worth $7,938,000 after purchasing an additional 26,047 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMCX shares. Wells Fargo & Company decreased their price objective on AMC Networks from $8.00 to $4.00 and set an “underweight” rating for the company in a research note on Thursday, April 17th. Morgan Stanley decreased their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, February 18th. 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 report on Tuesday, April 15th. Finally, StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.50.

Insider Buying and Selling

In related news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 20,833 shares of the company’s stock, valued at $144,789.35. This trade represents a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.87% of the stock is owned by corporate insiders.

AMC Networks Stock Down 2.7 %

Shares of AMCX stock opened at $6.40 on Thursday. The stock’s 50-day simple moving average is $6.66 and its 200-day simple moving average is $8.26. 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 capitalization of $282.47 million, a PE ratio of -1.22 and a beta of 1.28. AMC Networks Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $18.58.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). The firm had revenue of $599.30 million during the quarter, compared to analyst estimates of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Equities analysts expect 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.