Short Interest in AMC Entertainment Holdings, Inc. (NYSE:AMC) Expands By 20.6%

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 58,480,000 shares, a growth of 20.6% from the March 31st total of 48,490,000 shares. Currently, 13.6% of the company's stock are sold short. Based on an average daily volume of 8,850,000 shares, the days-to-cover ratio is currently 6.6 days.

AMC Entertainment Trading Up 1.3 %

NYSE:AMC traded up $0.04 on Tuesday, hitting $2.68. The company's stock had a trading volume of 4,509,108 shares, compared to its average volume of 22,734,010. The firm has a market capitalization of $1.16 billion, a P/E ratio of -1.66 and a beta of 1.41. The stock has a fifty day moving average of $2.88 and a two-hundred day moving average of $3.62. AMC Entertainment has a one year low of $2.45 and a one year high of $11.88.

Analyst Ratings Changes

A number of research firms recently commented on AMC. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Roth Capital set a $3.25 price objective on AMC Entertainment in a report on Tuesday, February 4th. Roth Mkm decreased their price objective on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Macquarie reaffirmed a "neutral" rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. Finally, Citigroup restated a "sell" rating and issued a $2.30 price target (down previously from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, AMC Entertainment has an average rating of "Hold" and an average target price of $4.65.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of AMC Entertainment in the 3rd quarter valued at $893,000. Franklin Resources Inc. bought a new stake in AMC Entertainment in the third quarter worth about $788,000. JPMorgan Chase & Co. grew its holdings in AMC Entertainment by 431.5% during the third quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company's stock valued at $5,378,000 after purchasing an additional 959,642 shares during the period. Traphagen Investment Advisors LLC purchased a new stake in AMC Entertainment in the 4th quarter worth about $64,000. Finally, KBC Group NV lifted its stake in shares of AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company's stock valued at $2,580,000 after buying an additional 639,907 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.