Koss Olinger Consulting LLC Sells 35,654 Shares of AMC Networks Inc. (NASDAQ:AMCX)

Koss Olinger Consulting LLC decreased its holdings in shares of AMC Networks Inc. (NASDAQ:AMCX) by 22.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,867 shares of the company’s stock after selling 35,654 shares during the period. Koss Olinger Consulting LLC’s holdings in AMC Networks were worth $1,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Intech Investment Management LLC boosted its position in shares of AMC Networks by 41.9% during the 4th quarter. Intech Investment Management LLC now owns 14,617 shares of the company’s stock valued at $145,000 after purchasing an additional 4,314 shares in the last quarter. Royce & Associates LP boosted its position in shares of AMC Networks by 3.3% during the 4th quarter. Royce & Associates LP now owns 150,668 shares of the company’s stock valued at $1,492,000 after purchasing an additional 4,880 shares in the last quarter. Catalyst Funds Management Pty Ltd boosted its position in shares of AMC Networks by 12.2% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 23,000 shares of the company’s stock valued at $228,000 after purchasing an additional 2,505 shares in the last quarter. Atria Investments Inc boosted its position in shares of 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 in the last quarter. Finally, Verus Capital Partners LLC boosted its position in shares of AMC Networks by 52.0% during the 4th quarter. Verus Capital Partners LLC now owns 30,400 shares of the company’s stock valued at $301,000 after purchasing an additional 10,400 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $6.95, for a total value of $1,072,697.75. Following the transaction, the insider now owns 20,833 shares in the company, valued at $144,789.35. This trade represents a 88.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 25.87% of the company’s stock.

AMC Networks Stock Up 1.0 %

AMCX stock opened at $7.10 on Wednesday. AMC Networks Inc. has a twelve month low of $6.59 and a twelve month high of $18.58. 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’s 50 day moving average is $8.52 and its 200-day moving average is $8.73. The firm has a market capitalization of $313.37 million, a PE ratio of -1.35 and a beta of 1.33.

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

Wall Street Analyst Weigh In

AMCX has been the topic of several recent research reports. StockNews.com lowered AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th. Morgan Stanley cut their price target on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their price target on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, February 18th. Three 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. According to data from MarketBeat, AMC Networks presently has an average rating of “Hold” and a consensus target price of $8.00.

AMC Networks 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.