AMC Networks Inc (NASDAQ: AMCX) is -53.75% lower on its value in year-to-date trading and has touched a low of $7.08 and a high of $20.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMCX stock was last observed hovering at around $8.17 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $8.69, the stock is 1.55% and -9.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 6.36% at the moment leaves the stock -33.44% off its SMA200. AMCX registered -23.10% loss for a year compared to 6-month loss of -26.60%. The firm has a 50-day simple moving average (SMA 50) of $9.556 and a 200-day simple moving average (SMA200) of $13.0142.
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The stock witnessed a -16.36% gain in the last 1 month and extending the period to 3 months gives it a -6.96%, and is 10.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.53% over the week and 7.26% over the month.
AMC Networks Inc (AMCX) has around 1900 employees, a market worth around $383.23M and $2.54B in sales. Current P/E ratio is 6.62 and Fwd P/E is 1.88. Profit margin for the company is 2.29%. Distance from 52-week low is 22.74% and -58.56% from its 52-week high. The company has generated returns on investments over the last 12 months (1.67%).
with sales reaching $588.05M over the same period.The EPS is expected to shrink by -29.48% this year, but quarterly earnings will post -10.20% year-over-year. Quarterly sales are estimated to shrink -7.70% in year-over-year returns.
AMC Networks Inc (AMCX) Top Institutional Holders
280.0 institutions hold shares in AMC Networks Inc (AMCX), with institutional investors hold 134.23% of the company’s shares. The shares outstanding are 32.08M, and float is at 31.32M with Short Float at 35.58%. Institutions hold 124.73% of the Float.
The top institutional shareholder in the company is PACER ADVISORS, INC. with over 10.2 million shares valued at $98.54 million. The investor’s holdings represent 23.1469% of the AMCX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.36 million shares valued at $51.82 million to account for 12.1735 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.62 million shares representing 8.2098% and valued at over $34.95 million, while DIMENSIONAL FUND ADVISORS LP holds 3.6889 of the shares totaling 1.63 million with a market value of $15.7 million.
AMC Networks Inc (AMCX) Insider Activity
The most recent transaction is an insider sale by Kelleher Kimberly, the company’s Chief Commercial Officer. SEC filings show that Kelleher Kimberly sold 10,941 shares of the company’s common stock on May 23 ’24 at a price of $17.22 per share for a total of $0.19 million. Following the sale, the insider now owns 0.0 shares.
AMC Networks Inc disclosed in a document filed with the SEC on May 21 ’24 that O’Connell Patrick (EVP & Chief Financial Officer) sold a total of 6,459 shares of the company’s common stock. The trade occurred on May 21 ’24 and was made at $16.32 per share for $0.11 million. Following the transaction, the insider now directly holds 0.0 shares of the AMCX stock.
Still, SEC filings show that on May 21 ’24, Sherin Michael J. III (EVP & Chief Accounting Officer) disposed off 4,948 shares at an average price of $16.11 for $79692.0. The insider now directly holds 0 shares of AMC Networks Inc (AMCX).
