Koss Olinger Consulting LLC Sells 6,903 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Koss Olinger Consulting LLC lowered its stake in shares of AMC Networks Inc. (NASDAQ:AMCX) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,521 shares of the company’s stock after selling 6,903 shares during the period. Koss Olinger Consulting LLC owned approximately 0.36% of AMC Networks worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMCX. Range Financial Group LLC bought a new position in AMC Networks during the first quarter worth about $160,000. DGS Capital Management LLC bought a new position in AMC Networks during the first quarter worth about $313,000. Allspring Global Investments Holdings LLC raised its position in shares of AMC Networks by 20.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 83,358 shares of the company’s stock worth $1,011,000 after purchasing an additional 14,295 shares during the period. Principal Financial Group Inc. raised its position in shares of AMC Networks by 5.8% during the first quarter. Principal Financial Group Inc. now owns 179,446 shares of the company’s stock worth $2,177,000 after purchasing an additional 9,820 shares during the period. Finally, Caprock Group LLC acquired a new stake in shares of AMC Networks during the first quarter worth about $331,000. Institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMCX. StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Wells Fargo & Company dropped their price target on AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.50.

AMC Networks Stock Up 1.9 %

Shares of AMC Networks stock opened at $8.22 on Monday. The business’s 50 day simple moving average is $8.88 and its 200 day simple moving average is $11.08. AMC Networks Inc. has a 52-week low of $7.08 and a 52-week high of $20.97. The firm has a market cap of $358.08 million, a PE ratio of 2.30 and a beta of 1.28. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.13 and a current ratio of 2.13.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.28). AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The firm had revenue of $625.90 million during the quarter, compared to analyst estimates of $601.41 million. During the same period in the prior year, the business posted $2.02 EPS. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that AMC Networks Inc. will post 4.86 earnings per share for the current fiscal 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.