Koss Olinger Consulting LLC Sells 2,100 Shares of AMC Networks Inc. $AMCX

Koss Olinger Consulting LLC lessened its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 15.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,508 shares of the company’s stock after selling 2,100 shares during the quarter. Koss Olinger Consulting LLC’s holdings in AMC Networks were worth $72,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in AMC Networks during the 2nd quarter valued at approximately $26,000. Quantbot Technologies LP bought a new stake in AMC Networks in the 1st quarter worth approximately $31,000. CWM LLC increased its stake in AMC Networks by 50.4% in the 2nd quarter. CWM LLC now owns 5,695 shares of the company’s stock worth $36,000 after acquiring an additional 1,909 shares during the last quarter. US Bancorp DE increased its stake in AMC Networks by 3,351.9% in the 1st quarter. US Bancorp DE now owns 10,045 shares of the company’s stock worth $69,000 after acquiring an additional 9,754 shares during the last quarter. Finally, Algert Global LLC bought a new stake in AMC Networks in the 1st quarter worth approximately $73,000. Institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Performance

NASDAQ AMCX opened at $7.62 on Tuesday. The company has a market cap of $330.56 million, a P/E ratio of -1.74 and a beta of 1.47. The company has a debt-to-equity ratio of 2.11, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50 day moving average price is $7.67 and its 200-day moving average price is $6.77. AMC Networks Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $10.60.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, August 8th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.15. The firm had revenue of $600.02 million for the quarter, compared to the consensus estimate of $582.99 million. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. AMC Networks has set its FY 2025 guidance at EPS. Sell-side analysts predict that AMC Networks Inc. will post 2.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMCX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AMC Networks in a research note on Wednesday, October 8th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of AMC Networks in a research note on Sunday, August 10th. Finally, Zacks Research raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $5.38.

AMC Networks 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.