Short Interest Summary: Does Amc Networks Class A (NASDAQ:AMCX) Have Gas After Even More Sellers Involved?

November 24, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest Summary: Does Amc Networks Class A (NASDAQ:AMCX) Have Gas After Even More Sellers Involved?

The stock of Amc Networks Class A (NASDAQ:AMCX) registered an increase of 12.88% in short interest. AMCX’s total short interest was 3.91 million shares in November as published by FINRA. Its up 12.88% from 3.47M shares, reported previously. With 933,000 shares average volume, it will take short sellers 4 days to cover their AMCX’s short positions. The short interest to Amc Networks Class A’s float is 6.75%. The stock increased 1.34% or $0.71 on November 23, hitting $53.83. About 614,867 shares traded hands. AMC Networks Inc (NASDAQ:AMCX) has declined 18.88% since April 22, 2016 and is downtrending. It has underperformed by 24.29% the S&P500.

AMC Networks Inc. is a holding company, which conducts all of its activities through its subsidiaries. The company has a market cap of $3.84 billion. The Firm owns and operates entertainment businesses and assets. It has a 11.35 P/E ratio. The Firm operates through two divisions: National Networks, and International and Other.

Insitutional Activity: The institutional sentiment is 1.01 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, as 49 funds sold all AMC Networks Inc shares owned while 90 reduced positions. only 32 funds bought stakes while 109 increased positions. They now own 58.79 million shares or 5.50% less from 62.21 million shares in 2016Q1.
Federated Invsts Pa accumulated 119,131 shares or 0.02% of the stock. Panagora Asset Inc owns 181,299 shares or 0.05% of their US portfolio. Bluemountain Management Limited Liability reported 10,611 shares or 0.01% of all its holdings. Deutsche Bank Ag accumulated 408,143 shares or 0.02% of the stock. The Georgia-based Advisory Serv Network Limited Liability Company has invested 0% in AMC Networks Inc (NASDAQ:AMCX). Liberty Mutual Asset Mgmt last reported 0.06% of its portfolio in the stock. Neuberger Berman Group Inc Limited Co last reported 0% of its portfolio in the stock. Evercore Wealth Limited Liability Corporation holds 332,739 shares or 0.9% of its portfolio. Quantitative Systematic Strategies Llc last reported 3,927 shares in the company. Virginia Retirement Et Al has 0.02% invested in the company for 24,400 shares. Price T Rowe Assoc Inc Md holds 0% of its portfolio in AMC Networks Inc (NASDAQ:AMCX) for 28,462 shares. State Treasurer State Of Michigan, a Michigan-based fund reported 24,550 shares. National Bank & Trust Of America De holds 0.01% of its portfolio in AMC Networks Inc (NASDAQ:AMCX) for 915,152 shares. Moreover, Wells Fargo And Mn has 0.01% invested in AMC Networks Inc (NASDAQ:AMCX) for 242,791 shares. Jefferies Grp Lc has 5,411 shares for 0% of their US portfolio.

AMC Networks Inc (NASDAQ:AMCX) Ratings Coverage

Out of 19 analysts covering AMC Networks (NASDAQ:AMCX), 9 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 47% are positive. AMC Networks has been the topic of 39 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was downgraded by TheStreet on Tuesday, September 22 to “Hold”. Albert Fried maintained the shares of AMCX in a report on Friday, August 7 with “Overweight” rating. The rating was maintained by Piper Jaffray on Friday, August 21 with “Overweight”. The rating was downgraded by UBS on Friday, July 15 to “Sell”. The stock of AMC Networks Inc (NASDAQ:AMCX) has “Hold” rating given on Friday, August 5 by Jefferies. Pacific Crest maintained it with “Overweight” rating and $83 target price in Sunday, August 9 report. The stock of AMC Networks Inc (NASDAQ:AMCX) earned “Hold” rating by Jefferies on Monday, July 11. CLSA upgraded the shares of AMCX in a report on Monday, October 26 to “Buy” rating. As per Thursday, October 20, the company rating was downgraded by Pacific Crest. The firm has “Outperform” rating given on Tuesday, April 26 by Macquarie Research.

AMCX Company Profile

AMC Networks Inc., incorporated on March 9, 2011, is a holding company, which conducts all of its activities through its subsidiaries. The Firm owns and operates entertainment businesses and assets. The Firm operates through two divisions: National Networks, and International and Other. The National Networks segment principally includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada. The International and Other segment principally includes AMC Networks International (AMCNI), the Company’s international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Company’s independent film distribution business; AMCNI- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing online content distribution initiatives.

More news for AMC Networks Inc (NASDAQ:AMCX) were recently published by: Fool.com, which released: “AMC Networks Inc. Earnings: Content Creation Pays Off” on November 04, 2016. Marketwatch.com‘s article titled: “AMC Networks takes minority stake in Funny or Die” and published on November 16, 2016 is yet another important article.

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By Adrian Mccoy


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