Trade Alert: The Executive VP & General Counsel Of AMC Networks Inc. (NASDAQ:AMCX), James Gallagher, Has Sold Some Shares Recently

By
Simply Wall St
Published
March 16, 2022
NasdaqGS:AMCX
Source: Shutterstock

We wouldn't blame AMC Networks Inc. (NASDAQ:AMCX) shareholders if they were a little worried about the fact that James Gallagher, the Executive VP & General Counsel recently netted about US$800k selling shares at an average price of US$40.00. That diminished their holding by a very significant 50%, which arguably implies a strong desire to reallocate capital.

See our latest analysis for AMC Networks

AMC Networks Insider Transactions Over The Last Year

Notably, that recent sale by James Gallagher is the biggest insider sale of AMC Networks shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$38.81. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NasdaqGS:AMCX Insider Trading Volume March 16th 2022

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of AMC Networks

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. AMC Networks insiders own 6.7% of the company, currently worth about US$110m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About AMC Networks Insiders?

An insider sold AMC Networks shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. On the plus side, AMC Networks makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AMC Networks. Our analysis shows 4 warning signs for AMC Networks (1 makes us a bit uncomfortable!) and we strongly recommend you look at them before investing.

Of course AMC Networks may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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