AMC Networks Inc. (NASDAQ:AMCX) Short Interest Down 33.0% in March

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,550,000 shares, a drop of 33.0% from the March 15th total of 5,300,000 shares. Approximately 11.7% of the company's stock are short sold. Based on an average daily trading volume, of 650,100 shares, the days-to-cover ratio is presently 5.5 days.

Institutional Investors Weigh In On AMC Networks

Several institutional investors and hedge funds have recently made changes to their positions in AMCX. American Century Companies Inc. lifted its stake in shares of AMC Networks by 26.6% during the first quarter. American Century Companies Inc. now owns 9,462 shares of the company's stock worth $384,000 after buying an additional 1,987 shares during the period. PNC Financial Services Group Inc. lifted its position in AMC Networks by 18.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,788 shares of the company's stock valued at $195,000 after purchasing an additional 751 shares during the period. Bank of Montreal Can lifted its position in AMC Networks by 5.0% during the first quarter. Bank of Montreal Can now owns 9,179 shares of the company's stock valued at $393,000 after purchasing an additional 437 shares during the period. MetLife Investment Management LLC lifted its position in AMC Networks by 54.0% during the first quarter. MetLife Investment Management LLC now owns 15,600 shares of the company's stock valued at $634,000 after purchasing an additional 5,467 shares during the period. Finally, Rhumbline Advisers lifted its position in AMC Networks by 4.6% during the first quarter. Rhumbline Advisers now owns 90,044 shares of the company's stock valued at $3,658,000 after purchasing an additional 3,996 shares during the period. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMCX shares. StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a report on Saturday, February 17th. Morgan Stanley cut their price objective on shares of AMC Networks from $12.00 to $11.00 and set an "underweight" rating on the stock in a report on Monday, February 12th. Finally, TheStreet raised shares of AMC Networks from a "d+" rating to a "c-" rating in a report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.75.

AMC Networks Stock Down 3.5 %

AMCX traded down $0.38 during trading on Friday, hitting $10.58. The stock had a trading volume of 444,270 shares, compared to its average volume of 627,288. The company has a market capitalization of $460.86 million, a PE ratio of 2.16 and a beta of 1.21. AMC Networks has a twelve month low of $9.96 and a twelve month high of $20.97. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a 50 day simple moving average of $12.86 and a two-hundred day simple moving average of $14.67.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its earnings results on Friday, February 9th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. AMC Networks had a net margin of 7.95% and a return on equity of 30.42%. The company had revenue of $678.80 million during the quarter, compared to the consensus estimate of $675.97 million. During the same period last year, the firm earned $2.52 earnings per share. AMC Networks's revenue was down 29.6% compared to the same quarter last year. On average, research analysts predict that AMC Networks will post 5.7 earnings per share for the current year.

About AMC Networks

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.