On Jun 27, 2018 Goldman Sachs Downgrades AMC Networks (NASDAQ:AMCX).

June 27, 2018 - By Georgina Andrews

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 dived. 73 rose positions while 36 funds bought positions. Funds hold 49.56 million shares thus 7.37% less from 2017Q4’s 53.51 million shares.

71,274 are owned by Deutsche Fincl Bank Ag. Rwc Asset Mgmt Llp invested in 64,967 shs. Ct Mason stated it has 22,710 shs or 0.64% of all its holdings. Utah Retirement has 9,116 shs for 0.01% of their capital. Comerica Savings Bank reported 38,720 shs. Petrus Trust Lta stated it has 0.06% in AMC Networks Inc. (NASDAQ:AMCX). Weik Management has 4,185 shs for 0.1% of their capital. Bnp Paribas Asset Sa owns 12,873 shs or 0.01% of their US capital. Guggenheim Capital Ltd invested 0.01% of its capital in AMC Networks Inc. (NASDAQ:AMCX). Financial Bank Of Montreal Can holds 0.01% or 315,566 shs in its capital. Asset Management One Ltd reported 7,270 shs or 0% of all its holdings. The Pennsylvania-based Vanguard Grp Incorporated has invested 0.01% in AMC Networks Inc. (NASDAQ:AMCX). First Personal Fincl holds 0% or 6 shs. Alphaone Invest Services Ltd Liability holds 3,716 shs or 0.05% of its capital. Foundry Limited Liability Com, a Minnesota-based fund reported 14,346 shs.

AMC Networks Inc. registered $1.16 million net activity with 0 insider purchases and 3 sales since May 17, 2018. 4,000 shs were sold by Gallagher James, worth $230,040.

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

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

AMC Networks Inc. (NASDAQ:AMCX) Ratings Coverage

A total of 9 analysts rate AMC Networks (NASDAQ:AMCX) as follows: 0 “Buy”, 8 “Hold” and 1 “Sell”. Тherefore 0 are bullish. (NASDAQ:AMCX) has 9 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Thursday, March 1 the company was maintained by Guggenheim. On Tuesday, January 2 the stock of AMC Networks Inc. (NASDAQ:AMCX) earned “Neutral” rating by Macquarie Research. On Tuesday, June 26 the firm has “Hold” rating given by Goldman Sachs. On Wednesday, January 31 the stock of AMC Networks Inc. (NASDAQ:AMCX) earned “Equal-Weight” rating by Morgan Stanley. On Monday, February 5 Cowen & Co maintained AMC Networks Inc. (NASDAQ:AMCX) rating. Cowen & Co has “Hold” rating and $63.0 target. On Thursday, June 21 the rating was downgraded by Bernstein to “Underperform”. In Tuesday, February 20 report Moffett Nathanson upgraded the stock to “Neutral” rating. In Friday, May 11 report Evercore downgraded the stock to “In-Line” rating.

AMCX is hitting $63.28 during the last trading session, after decreased 0.71%.AMC Networks Inc. has volume of 123,594 shares. Since June 27, 2017 AMCX has risen 12.09% and is uptrending. AMCX underperformed the S&P 500 by 0.48%.

AMC Networks Inc. (NASDAQ:AMCX)’s earnings release is expected by WallStreet on August, 2, RTT 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. In case of $1.96 EPS AMCX’s profit could be $112.62M. -26.04 % negative EPS growth is what analysts predict. $2.65 EPS was announced for previous quarter.

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.8.22 is the P/E ratio. 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: 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 announced “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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