The EVP & CFO of AMC Networks (NASDAQ: AMCX) is Selling Shares

By Carrie Williams

Today, the EVP & CFO of AMC Networks (AMCXResearch Report), Sean Sullivan, sold shares of AMCX for $1.49M.

This is Sullivan’s first transaction since reporting a Buy transaction on CVOVQ back in August 2007

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Based on AMC Networks’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $784 million and quarterly net profit of $143 million. In comparison, last year the company earned revenue of $741 million and had a net profit of $157 million. AMCX’s market cap is $3.1B and the company has a P/E ratio of 7.29. Currently, AMC Networks has an average volume of 420.8K.

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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.