On Jun 27, 2018 AMC Networks (NASDAQ:AMCX) Was Downgraded From “Buy”.

June 27, 2018 - By Alex Paulin

AMC Networks Inc. (NASDAQ:AMCX) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.76. That’s change of 0.07, from 2017Q4’s 0.83. 32 investors sold all, 111 reduced holdings as AMC Networks Inc. ratio turned negative. 73 rose positions while 36 funds took positions. Funds hold 49.56 million shares thus 7.37% less from 2017Q4’s 53.51 million shares.

Tiaa Cref Invest Mgmt holds 173,578 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Corporation invested in 0.01% or 24,000 shs. Clark Estates Incorporated reported 62,900 shs. Engineers Gate Manager L P stated it has 0.21% in AMC Networks Inc. (NASDAQ:AMCX). U S Invsts holds 25,800 shs or 0.82% of its capital. 2,300 are owned by Numerixs Invest Techs. Panagora Asset reported 6,207 shs or 0% of all its holdings. Verity Asset Management stated it has 0.21% in AMC Networks Inc. (NASDAQ:AMCX). 10,734 are owned by Public Employees Retirement Association Of Colorado. Teachers Retirement Systems Of The State Of Kentucky reported 10,961 shs. Moreover, Raymond James Services Advsr Inc has 0% invested in AMC Networks Inc. (NASDAQ:AMCX). 24,855 are held by Cadence Capital Limited Liability Corp. South Dakota Inv Council accumulated 64,582 shs or 0.08% of the stock. Schafer Cullen Cap invested in 0% or 7,505 shs. Dimensional Fund Advsr Ltd Partnership stated it has 0.01% in AMC Networks Inc. (NASDAQ:AMCX).

AMC Networks Inc. had 3 selling transactions and 0 insider buys since May 17, 2018. This’s net activity of $1.16 million. Carroll Edward A also sold $780,624 worth of AMC Networks Inc. (NASDAQ:AMCX) on Monday, June 18.

Goldman Downgraded AMC Networks (NASDAQ:AMCX)’s Rating to “Neutral”.

It was published on 26 June that Goldman cut AMC Networks (NASDAQ:AMCX)‘s rating to “Neutral”. AMCX’s old rating was “Buy”.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Coverage

In total 9 analysts cover AMC Networks (NASDAQ:AMCX). “Buy” rating has 0, “Sell” are 1, while 8 are “Hold”. 0 are bullish. 9 are the (NASDAQ:AMCX)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Monday, February 5 the firm has “Hold” rating by Cowen & Co given. On Wednesday, January 31 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Tuesday, January 2 the stock has “Neutral” rating by Macquarie Research. On Tuesday, June 26 Goldman Sachs downgraded AMC Networks Inc. (NASDAQ:AMCX) rating. Goldman Sachs has “Hold” rating and $7000 target. On Friday, May 11 the stock has “In-Line” rating by Evercore. On Thursday, June 21 Bernstein downgraded AMC Networks Inc. (NASDAQ:AMCX) to “Underperform” rating. On Tuesday, February 20 the firm has “Neutral” rating given by Moffett Nathanson. On Thursday, March 1 the stock has “Hold” rating by Guggenheim.

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

On August, 2 is expected AMC Networks Inc. (NASDAQ:AMCX)’s earnings report, Zacks reports. This year’s EPS analyst estimate is expected to be $1.96. That is 4.26 % up compareed to $1.88 EPS for last year. This could be $112.62 million profit for AMCX assuming the current $1.96 EPS will become reality. After $2.65 EPS was published last quarter, analysts now see negative EPS growth of -26.04 % for AMC Networks Inc..

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 valued at $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 brought out by: Seekingalpha.com which released on June 24, 2018 “SA Interview: Taking Advantage Of Short-Term Volatility With Chad Brand”, also 247Wallst.com on June 26, 2018 brought out “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More”, 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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