Today, the EVP & GC of AMC Networks (NASDAQ: AMCX), James Gallagher, sold shares of AMCX for $154.1K.
Following James Gallagher’s last AMCX Sell transaction on May 21, 2018, the stock climbed by 8.9%. In addition to James Gallagher, one other AMCX executive reported Sell trades in the last month.
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Based on AMC Networks’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $741 million and quarterly net profit of $157 million. In comparison, last year the company earned revenue of $720 million and had a net profit of $136 million. AMCX’s market cap is $3.96B and the company has a P/E ratio of 8.53. Currently, AMC Networks has an average volume of 757.6K.
Three different firms, including UBS and Midtown Partners, currently also have a Sell rating on the stock.
The insider sentiment on AMC Networks has been negative according to 21 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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AMC Networks, Inc. is a holding company, which engages in owning and management of cable television networks through its subsidiaries. It operates through the National Networks and International and Other segments.
