Koss Olinger Consulting LLC Has $1.19 Million Stake in AMC Networks Inc. (NASDAQ:AMCX)

Koss Olinger Consulting LLC decreased its position in AMC Networks Inc. (NASDAQ:AMCX) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,867 shares of the company’s stock after selling 35,654 shares during the quarter. Koss Olinger Consulting LLC owned about 0.27% of AMC Networks worth $1,187,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AMCX. JPMorgan Chase & Co. boosted its stake in shares of AMC Networks by 73.2% in the third quarter. JPMorgan Chase & Co. now owns 374,214 shares of the company’s stock valued at $3,252,000 after buying an additional 158,162 shares during the period. Royce & Associates LP grew its stake in shares of AMC Networks by 134.0% in the 3rd quarter. Royce & Associates LP now owns 145,788 shares of the company’s stock valued at $1,267,000 after buying an additional 83,476 shares during the period. Readystate Asset Management LP bought a new position in shares of AMC Networks during the 3rd quarter worth approximately $711,000. BNP Paribas Financial Markets lifted its holdings in shares of AMC Networks by 163.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 89,474 shares of the company’s stock worth $778,000 after acquiring an additional 55,565 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AMC Networks during the third quarter valued at about $444,000. 78.51% of the stock is currently owned by institutional investors.

AMC Networks Stock Performance

AMCX opened at $7.10 on Wednesday. The business has a fifty day simple moving average of $8.52 and a 200 day simple moving average of $8.73. The company has a market capitalization of $313.37 million, a PE ratio of -1.35 and a beta of 1.33. AMC Networks Inc. has a 1 year low of $6.59 and a 1 year high of $18.58. The company has a debt-to-equity ratio of 2.63, a current ratio of 2.38 and a quick ratio of 2.38.

AMC Networks (NASDAQ:AMCX) last released 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). The company had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. AMC Networks had a negative net margin of 9.36% and a positive return on equity of 18.61%. The business’s revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. Research analysts expect that AMC Networks Inc. will post 2.62 EPS for the current year.

Insider Activity

In other news, insider F. Dolan 2009 Revocabl Charles sold 154,345 shares of the business’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 completion of the transaction, the insider now owns 20,833 shares of the company’s stock, valued at approximately $144,789.35. The trade was a 88.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 25.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research note 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 research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut their target price on AMC Networks from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 18th. Three equities 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.