Goldman Sachs: AMC Networks (AMCX) Hit Neutral From Buy.

June 27, 2018 - By Alice Reed

AMC Networks Inc. (NASDAQ:AMCX) Corporate Logo

Big Money Sentiment decreased to 0.76 in Q1 2018. It has change of 0.07, from 2017Q4’s 0.83. The ratio dived due to AMC Networks Inc. positioning: 32 sold and 111 reduced. 36 funds bought holdings and 73 increased holdings. Investors holded 53.51 million in 2017Q4 but now own 49.56 million shares or 7.37% less.

Parkside Bancorporation & reported 5,554 shs stake. The Ohio-based James Inc has invested 0.1% in AMC Networks Inc. (NASDAQ:AMCX). Wellington Shields Capital Mngmt Lc holds 30,845 shs or 0.24% of its capital. New Vernon Cap Ii Ltd Liability holds 4,629 shs. Verity Asset Mgmt Inc invested in 4,444 shs or 0.21% of the stock. Aqr Management Ltd has 281,684 shs for 0.02% of their capital. Comerica Natl Bank stated it has 38,720 shs. Ftb Advsr stated it has 76 shs or 0% of all its holdings. Proshare Advisors Lc, Maryland-based fund reported 4,438 shs. 1.00 million were reported by Schroder Inv Mgmt Grp Inc. Investec Asset North America reported 0.1% of its capital in AMC Networks Inc. (NASDAQ:AMCX). Metropolitan Life Insur Ny invested 0% of its capital in AMC Networks Inc. (NASDAQ:AMCX). Gabelli Funds Lc holds 0.23% or 752,600 shs in its capital. Riverhead Cap Mgmt Lc has 18,333 shs for 0.04% of their capital. Cadence Capital Ltd Liability Corp holds 24,855 shs or 0.08% of its capital.

AMC Networks Inc. registered $1.16 million net activity with 0 insider buys and 3 insider sales since May 17, 2018. $230,040 worth of AMC Networks Inc. (NASDAQ:AMCX) shs were sold by Gallagher James.

Goldman Sachs Downgraded AMC Networks (AMCX)’s Stock Rating to Neutral.

On 26 June Goldman Sachs changed the $3.66 billion market cap company’s rating. research analysts has downgraded it to Neutral from Buy.

The stock decreased 1.53% or $0.99 during the last trading session, hitting $63.73.AMC Networks Inc. has volume of 631,055 shares. Since June 27, 2017 AMCX has risen 12.09% and is uptrending. The stock underperformed the S&P500 by 0.48%.

Investors wait AMC Networks Inc. (NASDAQ:AMCX)’s quarterly earnings on August, 2., according to Faxor. Analysts expect change of 4.26 % or $0.08 from previous year’s $1.88 earnings per share compared to current’s $1.96 earnings per share. AMCX’s profit could be $112.62 million with 8.13 P/E in case $1.96 earnings per share is published. Wall Street now sees -26.04 % negative EPS growth despite AMC Networks Inc. last quarter’s EPS of $2.65.

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 firm is worth $3.66 billion. The firm operates in two divisions, National Networks; and International and Other.The P/E ratio is 8.28. 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.

A couple more AMC Networks Inc. (NASDAQ:AMCX) news were announced by: 247Wallst.com which released on June 26, 2018 “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More”, also Seekingalpha.com on June 24, 2018 announced “SA Interview: Taking Advantage Of Short-Term Volatility With Chad Brand”, the next Seekingalpha.com is “AMC Networks -2.5% as Goldman goes to Neutral” on June 26, 2018. Benzinga.com has article titled “AMC Networks Is ‘Amazing’ For The Wrong Reason, Bernstein Says In Downgrade”.

AMC Networks Inc. (NASDAQ:AMCX) Analyst Ratings Chart

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