AMC Networks Inc. (NASDAQ:AMCX) Short Interest Update

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 3,920,000 shares, an increase of 10.4% from the March 31st total of 3,550,000 shares. Based on an average daily volume of 665,300 shares, the short-interest ratio is presently 5.9 days. Currently, 12.9% of the shares of the company are short sold.

Institutional Trading of AMC Networks

A number of institutional investors and hedge funds have recently made changes to their positions in AMCX. SG Americas Securities LLC bought a new stake in shares of AMC Networks during the 3rd quarter worth $178,000. Linden Thomas Advisory Services LLC lifted its holdings in shares of AMC Networks by 14.8% in the third quarter. Linden Thomas Advisory Services LLC now owns 13,645 shares of the company's stock worth $161,000 after acquiring an additional 1,758 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AMC Networks by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 359,992 shares of the company's stock valued at $4,241,000 after purchasing an additional 10,439 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of AMC Networks by 42.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 120,068 shares of the company's stock valued at $1,414,000 after purchasing an additional 35,565 shares during the last quarter. Finally, Money Concepts Capital Corp increased its position in AMC Networks by 38.9% during the 3rd quarter. Money Concepts Capital Corp now owns 37,328 shares of the company's stock worth $440,000 after purchasing an additional 10,460 shares in the last quarter. Institutional investors own 78.51% of the company's stock.

Analysts Set New Price Targets

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

AMC Networks Price Performance

Shares of NASDAQ:AMCX traded up $0.10 during trading on Monday, reaching $10.93. 375,094 shares of the company traded hands, compared to its average volume of 602,485. The firm has a market capitalization of $476.11 million, a PE ratio of 2.23 and a beta of 1.21. AMC Networks has a 52 week low of $9.87 and a 52 week high of $20.97. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.14. The company's 50 day moving average is $11.95 and its two-hundred day moving average is $14.66.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings results on Friday, February 9th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.04. AMC Networks had a return on equity of 30.42% and a net margin of 7.95%. The business had revenue of $678.80 million during the quarter, compared to the consensus estimate of $675.97 million. During the same quarter in the previous year, the firm earned $2.52 earnings per share. AMC Networks's revenue for the quarter was down 29.6% compared to the same quarter last year. As a group, sell-side analysts predict that AMC Networks will post 5.67 earnings per share for the current year.

AMC Networks Company Profile

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.