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

June 27, 2018 - By Ronnie Lemelle

AMC Networks Inc. (NASDAQ:AMCX) Corporate Logo

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

Parametric Associates Limited Liability owns 97,547 shs. First Republic Inv Mgmt reported 5,863 shs or 0% of all its holdings. Walleye Trading Lc owns 0% invested in AMC Networks Inc. (NASDAQ:AMCX) for 6,933 shs. Clark Capital Group Inc reported 12,499 shs. Deutsche Bancshares Ag holds 0% or 71,274 shs. 17,950 are held by State Treasurer State Of Michigan. Janney Montgomery Scott Limited Liability Co invested in 0.01% or 20,484 shs. Bb&T Ltd Liability holds 6,406 shs. Dupont Capital Mngmt Corp has 79,652 shs. Campbell & Adviser Ltd Limited Liability Company holds 0.18% of its capital in AMC Networks Inc. (NASDAQ:AMCX) for 4,231 shs. Huntington Bank & Trust reported 0% in AMC Networks Inc. (NASDAQ:AMCX). Hall Laurie J Trustee, a Massachusetts-based fund reported 170 shs. The New York-based Joel Isaacson Com Lc has invested 0.06% in AMC Networks Inc. (NASDAQ:AMCX). The Belgium-based Kbc Grp Nv has invested 0.05% in AMC Networks Inc. (NASDAQ:AMCX). Maryland-based Sandy Spring Natl Bank has invested 0% in AMC Networks Inc. (NASDAQ:AMCX).

AMC Networks Inc. registered $1.16 million net activity with 0 insider purchases and 3 insider sales since May 17, 2018. Another trade for 11,700 shs valued at $780,624 was sold by Carroll Edward A.

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

The rating downgrade of AMC Networks (NASDAQ:AMCX) was issued on Tuesday, 26 June. Goldman Sachs cut the rating from “Buy” to “Neutral”.

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. The company rating was downgraded by Macquarie Research on Tuesday, January 2. In Thursday, March 1 report Guggenheim maintained the stock with “Hold” rating. On Tuesday, June 26 Goldman Sachs downgraded AMC Networks Inc. (NASDAQ:AMCX) to “Hold” rating. On Tuesday, February 20 the company was upgraded by Moffett Nathanson. On Wednesday, January 31 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Friday, May 11 the rating was downgraded by Evercore to “In-Line”. On Thursday, June 21 the company was downgraded by Bernstein. On Monday, February 5 the stock has “Hold” rating by Cowen & Co.

AMCX touched $63.28 during the last trading session after $0.45 change.Currently AMC Networks Inc. is uptrending after 12.09% change in last June 27, 2017. AMCX has also 123,594 shares volume. AMCX underperformed the S&P 500 by 0.48%.

AMC Networks Inc. (NASDAQ:AMCX) is anticipated to publish earnings on August, 2., as reported by Faxor. Analysts forecast 4.26 % diference or $1.96 from the $1.88 EPS from 2017. If reported the P/E will be 8.07 with $112.62 million profit. Wall Street predicts -26.04 % negative EPS growth as of August, 2.

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 $3.64 billion. The firm operates in two divisions, National Networks; and International and Other.The P/E ratio is 8.22. 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 published by: Seekingalpha.com which released on June 24, 2018 “SA Interview: Taking Advantage Of Short-Term Volatility With Chad Brand”, also Seekingalpha.com on June 26, 2018 published “AMC Networks -2.5% as Goldman goes to Neutral”, the next 247Wallst.com is “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” 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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