Short Interest in AMC Networks Inc. (NASDAQ:AMCX) Expands By 9.4%

AMC Networks Inc. (NASDAQ:AMCX) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 4,190,000 shares, an increase of 9.4% from the May 15th total of 3,830,000 shares. Currently, 13.4% of the company’s stock are short sold. Based on an average daily trading volume, of 769,400 shares, the short-interest ratio is presently 5.4 days.

AMC Networks Trading Up 0.5 %

AMC Networks stock opened at $15.71 on Monday. AMC Networks has a 52 week low of $9.87 and a 52 week high of $20.97. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $684.33 million, a PE ratio of 4.40 and a beta of 1.36. The business’s 50-day simple moving average is $13.99 and its 200-day simple moving average is $15.10.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Friday, May 10th. The company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.63). AMC Networks had a return on equity of 23.57% and a net margin of 6.09%. The business had revenue of $596.50 million during the quarter, compared to the consensus estimate of $601.74 million. During the same period in the prior year, the firm earned $2.62 earnings per share. The business’s quarterly revenue was down 16.9% on a year-over-year basis. Equities research analysts forecast that AMC Networks will post 4.93 earnings per share for the current year.

Insider Buying and Selling at AMC Networks

In other news, insider Kimberly Kelleher sold 10,941 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $17.22, for a total transaction of $188,404.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Michael J. Sherin III sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $15.61, for a total value of $46,830.00. Following the transaction, the chief accounting officer now directly owns 4,948 shares in the company, valued at approximately $77,238.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly Kelleher sold 10,941 shares of AMC Networks stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $17.22, for a total transaction of $188,404.02. The disclosure for this sale can be found here. Insiders have sold a total of 55,348 shares of company stock worth $888,957 over the last three months. Corporate insiders own 25.87% of the company’s stock.

Hedge Funds Weigh In On AMC Networks

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in shares of AMC Networks during the 4th quarter worth about $33,000. Public Employees Retirement System of Ohio grew its position in AMC Networks by 20.2% during the third quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company’s stock worth $52,000 after buying an additional 737 shares in the last quarter. EntryPoint Capital LLC bought a new position in AMC Networks during the first quarter valued at about $60,000. PNC Financial Services Group Inc. raised its holdings in AMC Networks by 70.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,887 shares of the company’s stock valued at $81,000 after acquiring an additional 2,849 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in AMC Networks by 98.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,336 shares of the company’s stock valued at $81,000 after acquiring an additional 2,146 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.