Catalyst Funds Management Pty Ltd Buys 2,505 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Catalyst Funds Management Pty Ltd increased its position in AMC Networks Inc. (NASDAQ:AMCX) by 12.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,000 shares of the company’s stock after buying an additional 2,505 shares during the quarter. Catalyst Funds Management Pty Ltd owned 0.05% of AMC Networks worth $228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of AMC Networks by 2.9% in the fourth quarter. Rhumbline Advisers now owns 60,346 shares of the company’s stock valued at $597,000 after buying an additional 1,680 shares during the period. Principal Financial Group Inc. increased its position in AMC Networks by 9.7% during the 4th quarter. Principal Financial Group Inc. now owns 23,102 shares of the company’s stock valued at $229,000 after purchasing an additional 2,043 shares during the period. DGS Capital Management LLC increased its position in AMC Networks by 9.9% during the 3rd quarter. DGS Capital Management LLC now owns 24,148 shares of the company’s stock valued at $210,000 after purchasing an additional 2,180 shares during the period. Atria Investments Inc increased its position in AMC Networks by 14.6% during the 4th quarter. Atria Investments Inc now owns 18,589 shares of the company’s stock valued at $184,000 after purchasing an additional 2,370 shares during the period. Finally, Entropy Technologies LP increased its position in AMC Networks by 24.2% during the 3rd quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock valued at $125,000 after purchasing an additional 2,800 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Price Performance

Shares of AMCX opened at $6.99 on Monday. AMC Networks Inc. has a 12-month low of $6.59 and a 12-month high of $18.58. The business’s fifty day moving average is $8.63 and its 200 day moving average is $8.77. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 2.63. The stock has a market cap of $308.51 million, a P/E ratio of -1.33 and a beta of 1.33.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Friday, February 14th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The firm had revenue of $599.30 million during the quarter, compared to the consensus estimate of $611.26 million. During the same quarter in the prior year, the business earned $0.72 earnings per share. AMC Networks’s revenue for the quarter was down 11.7% on a year-over-year basis. Sell-side analysts anticipate that AMC Networks Inc. will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling at AMC Networks

In other AMC Networks news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm’s 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 transaction, the insider now directly owns 20,833 shares in the company, valued at approximately $144,789.35. This trade represents a 88.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 25.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AMCX shares. StockNews.com downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Morgan Stanley decreased their target price on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their target price on shares of AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.00.

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.