Amc Networks Class A (NASDAQ:AMCX) Short Interest Decreased By 22.99%


The stock of Amc Networks Class A (NASDAQ:AMCX) registered a decrease of 22.99% in short interest. AMCX’s total short interest was 2.88 million shares in September as published by FINRA. Its down 22.99% from 3.74 million shares, reported previously. With 576,000 shares average volume, it will take short sellers 5 days to cover their AMCX’s short positions. The short interest to Amc Networks Class A’s float is 4.96%. About 534,624 shares traded hands. AMC Networks Inc (NASDAQ:AMCX) has declined 19.97% since February 8, 2016 and is downtrending. It has underperformed by 36.45% 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 $3.74 billion. The Firm owns and operates entertainment businesses and assets. It has a 10.83 P/E ratio. The Firm operates through two divisions: National Networks, and International and Other.

The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.26, from 1.27 in 2016Q1. The ratio worsened, as 49 funds sold all AMC Networks Inc shares owned while 90 reduced positions. 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.

Hs Management Partners Llc holds 4.4% of its portfolio in AMC Networks Inc for 1.75 million shares. Delphi Management Inc Ma owns 35,542 shares or 1.38% of their US portfolio. Moreover, Tealwood Asset Management Inc has 1.26% invested in the company for 46,410 shares. The New York-based Pinnacle Associates Ltd has invested 1.08% in the stock. Consolidated Investment Group Llc, a Colorado-based fund reported 31,375 shares.

Out of 14 analysts covering AMC Networks (NASDAQ:AMCX), 7 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 50% are positive. AMC Networks has been the topic of 22 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the stock on August 5 with “Buy” rating.

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