Amc Networks Inc (NASDAQ:AMCX) CFO Sells $1,487,139.52 in Stock

Amc Networks Inc (NASDAQ:AMCX) CFO Sean S. Sullivan sold 27,232 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $54.61, for a total value of $1,487,139.52. Following the transaction, the chief financial officer now directly owns 40,090 shares of the company’s stock, valued at $2,189,314.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NASDAQ:AMCX traded down $0.17 on Wednesday, hitting $54.42. 420,843 shares of the company’s stock were exchanged, compared to its average volume of 645,280. The stock has a market cap of $3.11 billion, a P/E ratio of 6.24, a P/E/G ratio of 0.78 and a beta of 0.86. Amc Networks Inc has a 1-year low of $51.04 and a 1-year high of $69.02. The company has a debt-to-equity ratio of 6.82, a quick ratio of 2.66 and a current ratio of 2.66.

Amc Networks (NASDAQ:AMCX) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.39. The business had revenue of $784.22 million during the quarter, compared to analysts’ expectations of $775.37 million. Amc Networks had a return on equity of 152.19% and a net margin of 14.35%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.65 EPS. On average, equities research analysts predict that Amc Networks Inc will post 8.5 EPS for the current year.

Several research firms recently commented on AMCX. Zacks Investment Research cut Amc Networks from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. BidaskClub cut Amc Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Gabelli reissued a “buy” rating on shares of Amc Networks in a research note on Tuesday. ValuEngine cut Amc Networks from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Finally, Imperial Capital reaffirmed an “underperform” rating and set a $53.00 price objective (down from $56.00) on shares of Amc Networks in a research report on Friday, March 15th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Amc Networks currently has an average rating of “Hold” and an average target price of $61.83.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of Amc Networks by 17.0% in the 4th quarter. IFP Advisors Inc now owns 1,196 shares of the company’s stock valued at $65,000 after purchasing an additional 174 shares during the period. Mason Street Advisors LLC boosted its position in shares of Amc Networks by 0.8% in the 1st quarter. Mason Street Advisors LLC now owns 23,786 shares of the company’s stock valued at $1,350,000 after purchasing an additional 191 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Amc Networks by 2.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,692 shares of the company’s stock valued at $550,000 after purchasing an additional 198 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of Amc Networks by 4.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,000 shares of the company’s stock valued at $274,000 after purchasing an additional 200 shares during the period. Finally, Hanson & Doremus Investment Management boosted its position in shares of Amc Networks by 14.2% in the 1st quarter. Hanson & Doremus Investment Management now owns 1,812 shares of the company’s stock valued at $103,000 after purchasing an additional 226 shares during the period. 95.77% of the stock is owned by hedge funds and other institutional investors.

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About Amc Networks

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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