Amalgamated Bank Has $217,000 Stake in AMC Networks Inc. (NASDAQ:AMCX)

Amalgamated Bank decreased its holdings in AMC Networks Inc. (NASDAQ:AMCX) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,536 shares of the company’s stock after selling 1,743 shares during the period. Amalgamated Bank’s holdings in AMC Networks were worth $217,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of AMC Networks by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,492,814 shares of the company’s stock valued at $41,145,000 after purchasing an additional 30,721 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of AMC Networks by 29.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,374,249 shares of the company’s stock valued at $16,189,000 after purchasing an additional 314,486 shares during the period. Invesco Ltd. increased its holdings in shares of AMC Networks by 6.2% in the 3rd quarter. Invesco Ltd. now owns 528,954 shares of the company’s stock valued at $6,231,000 after purchasing an additional 30,646 shares during the period. Smith Graham & Co. Investment Advisors LP increased its holdings in shares of AMC Networks by 14.1% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 383,384 shares of the company’s stock valued at $7,204,000 after purchasing an additional 47,466 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of AMC Networks by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 359,992 shares of the company’s stock valued at $4,241,000 after purchasing an additional 10,439 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Insiders Place Their Bets

In other AMC Networks news, CAO Michael J. Sherin III sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $15.61, for a total transaction of $46,830.00. Following the completion of the sale, the chief accounting officer now owns 4,948 shares of the company’s stock, valued at $77,238.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Patrick O’connell sold 6,459 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $16.32, for a total value of $105,410.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Michael J. Sherin III sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $15.61, for a total value of $46,830.00. Following the completion of the sale, the chief accounting officer now directly owns 4,948 shares of the company’s stock, valued at $77,238.28. The disclosure for this sale can be found here. Insiders sold 44,407 shares of company stock valued at $700,553 over the last 90 days. 25.87% of the stock is currently owned by company insiders.

AMC Networks Stock Up 8.6 %

Shares of AMC Networks stock opened at $17.92 on Thursday. The stock has a market capitalization of $780.60 million, a P/E ratio of 5.02 and a beta of 1.22. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.06. The stock has a 50 day moving average price of $12.39 and a two-hundred day moving average price of $14.85. AMC Networks Inc. has a 12-month low of $9.87 and a 12-month high of $20.97.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, May 10th. The company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.63). The company had revenue of $596.50 million for the quarter, compared to the consensus estimate of $601.74 million. AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.62 EPS. Equities analysts expect that AMC Networks Inc. will post 4.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley dropped their price objective on AMC Networks from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Monday, February 12th. StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Saturday, February 17th. Finally, TheStreet upgraded AMC Networks from a “d+” rating to a “c-” rating in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and an average target price of $11.75.

About AMC Networks

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.