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Insider Sale: EVP and General Counsel James Gallagher Sells 25,000 Shares of AMC Networks Inc (AMCX)

GuruFocus Research
·1-min read

On May 14, 2024, James Gallagher, Executive Vice President and General Counsel of AMC Networks Inc (NASDAQ:AMCX), sold 25,000 shares of the company. The transaction was reported in a recent SEC Filing. This sale is part of a series of insider transactions, where over the past year, the insider has sold a total of 60,874 shares.

AMC Networks Inc is known for its global entertainment company that owns and operates various brands and delivers content to audiences. The company's portfolio includes popular and critically acclaimed programs.

On the date of the sale, shares of AMC Networks Inc were priced at $15.54, valuing the transaction at approximately $388,500. This price reflects a market cap of $667.256 million for the company.

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The price-earnings ratio of AMC Networks Inc stands at 4.24, significantly lower than the industry median of 18.92. This ratio is also below the historical median for the company, indicating a lower valuation relative to earnings.

According to the GF Value, the intrinsic value of AMC Networks Inc is estimated at $23.60 per share, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.66. This valuation categorizes the stock as a Possible Value Trap, advising investors to think twice.

The insider transaction history for AMC Networks Inc shows a trend of more insider selling than buying over the past year, with 7 insider sells and 0 insider buys.

Insider Sale: EVP and General Counsel James Gallagher Sells 25,000 Shares of AMC Networks Inc (AMCX)
Insider Sale: EVP and General Counsel James Gallagher Sells 25,000 Shares of AMC Networks Inc (AMCX)
Insider Sale: EVP and General Counsel James Gallagher Sells 25,000 Shares of AMC Networks Inc (AMCX)
Insider Sale: EVP and General Counsel James Gallagher Sells 25,000 Shares of AMC Networks Inc (AMCX)

These transactions and the current valuation metrics provide a comprehensive view of the insider's recent activity and the company's financial standing in the market.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.