DGS Capital Management LLC Sells 12,660 Shares of AMC Networks Inc. (NASDAQ:AMCX)

DGS Capital Management LLC decreased its position in AMC Networks Inc. (NASDAQ:AMCX) by 52.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,488 shares of the company’s stock after selling 12,660 shares during the quarter. DGS Capital Management LLC’s holdings in AMC Networks were worth $114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its position in AMC Networks by 119.2% during the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after acquiring an additional 2,336 shares during the period. nVerses Capital LLC purchased a new stake in shares of AMC Networks in the 3rd quarter worth approximately $55,000. Quantinno Capital Management LP bought a new position in AMC Networks during the 3rd quarter valued at approximately $88,000. FORA Capital LLC purchased a new position in AMC Networks during the third quarter valued at $89,000. Finally, MML Investors Services LLC bought a new stake in AMC Networks in the third quarter worth $91,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AMCX. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Morgan Stanley cut their price target on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th. Finally, Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AMC Networks presently has an average rating of “Hold” and an average target price of $8.50.

AMC Networks Stock Performance

Shares of NASDAQ AMCX opened at $10.01 on Monday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. The firm’s 50-day moving average price is $9.41 and its 200-day moving average price is $9.24. AMC Networks Inc. has a 52-week low of $7.08 and a 52-week high of $19.27. The company has a market cap of $441.64 million, a PE ratio of 15.89 and a beta of 1.32.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The business had revenue of $599.60 million during the quarter, compared to the consensus estimate of $587.12 million. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The firm’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 EPS. As a group, analysts anticipate that AMC Networks Inc. will post 4.09 EPS 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.