ClearBridge Amends AMC Networks Stake (AMCX) as of Dec 31, 2023

TL;DR

**ClearBridge Investments updated its AMC Networks (AMCX) holdings, signaling a portfolio adjustment.**

AI Summary

ClearBridge Investments, LLC, a Delaware-organized investment firm, filed an amended SC 13G/A on February 9, 2024, indicating its beneficial ownership of AMC Networks Inc. Class A Common Stock as of December 31, 2023. This is the 14th amendment to their filing, showing a change in their holdings. Investors should note that ClearBridge Investments continues to be a significant holder, which could signal their ongoing confidence in AMC Networks, Inc. (AMCX) or a strategic adjustment in their portfolio.

Why It Matters

This filing shows that a major institutional investor, ClearBridge Investments, LLC, has adjusted its stake in AMC Networks Inc., providing insight into their current investment strategy for the company.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate significant risk to the company or its stock.

Analyst Insight

Investors should monitor future 13G/A filings from ClearBridge Investments, LLC to track their evolving position in AMC Networks Inc., as significant changes could signal shifts in institutional sentiment or strategy.

Key Numbers

• 14 — Amendment Number (This is the 14th amendment to ClearBridge Investments' Schedule 13G filing for AMC Networks Inc.)
• 00164V103 — CUSIP Number (Identifies the Class A Common Stock of AMC Networks Inc.)
• $0.01 — Par Value per share (The par value of AMC Networks Inc. Class A Common Stock.)

Key Players & Entities

• ClearBridge Investments, LLC (company) — the reporting person and institutional investor
• AMC Networks Inc. (company) — the subject company whose Class A Common Stock is being reported
• Delaware (company) — place of organization for ClearBridge Investments, LLC
• December 31, 2023 (date) — the date of the event requiring this filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• ClearBridge Investments, LLC will continue to be a significant institutional holder of AMC Networks Inc. Class A Common Stock. (ClearBridge Investments, LLC) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — suer) Class A Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• amcn23a14.htm (SC 13G/A) — 80KB
• 0001348883-24-000003.txt ( ) — 82KB

If this statement is filed pursuant to 240.13d1(b) or 240.13d2(b) or (c),

Item 3. If this statement is filed pursuant to 240.13d1(b) or 240.13d2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 8o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a 8). (e) [X] An investment adviser in accordance with 240.13d1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a3); (j) [ ] A nonU.S. institution in accordance with 240.13d1(b)(ii)(J); (k) [ ] Group, in accordance with 240.13d1(b)(1)(ii)(K). If filing as a nonU.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution

Ownership

Item 4. Ownership The securities reported herein are beneficially owned by one or more openend investment companies or other managed accounts that are investment management clients of ClearBridge Investments, LLC ("CIL"), an indirect wholly owned subsidiary of Franklin Resources, Inc. ("FRI"). When an investment management contract (including a subadvisory agreement) delegates to CIL investment discretion or voting power over the securities held in the investment advisory accounts that are subject to that agreement, FRI treats CIL as having sole investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly, CIL reports on Schedule 13G that it has sole investment discretion and voting authority over the securities covered by any such investment management agreement, unless otherwise noted in this Item 4. As a result, for purposes of Rule 13d3 under the Act, CIL may be deemed to be the beneficial owner of the securities reported in this Schedule 13G. Beneficial ownership by investment management subsidiaries and other affiliates of FRI is being reported in conformity with the guidelines articulated by the SEC staff in Release No. 3439538 (January 12, 1998) relating to organizations, such as FRI, where related entities exercise voting and investment powers over the securities being reported independently from each other. The voting and investment powers held by CIL are exercised independently from FRI (CIL's parent holding company) and from all other investment management subsidiaries of FRI (FRI, its affiliates and investment management subsidiaries other than CIL are, collectively, "FRI affiliates"). Furthermore, internal policies and procedures of CIL and FRI affiliates establish informational barriers that prevent the flow between CIL and the FRI affiliates of information that relates to the voting and investment powers over the securities owned by their respective

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person The clients of ClearBridge Investments, LLC, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, the securities reported herein. CUSIP NO. 00164V103 13G Page 6 of 7

Identification and Classification of the Subsidiary Which Acquired the

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not Applicable

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not Applicable CUSIP NO. 00164V103 13G Page 7 of 7

Certification

Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 2, 2024 ClearBridge Investments, LLC By: /s/BRIAN R. MURPHY Brian R. Murphy Chief Compliance Officer of ClearBridge Investments, LLC

View Full Filing

View this SC 13G/A filing on SEC EDGAR