AMC Entertainment Holdings, Inc. (NYSE:AMC) Short Interest Up 20.6% in April

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) saw a significant 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. Based on an average daily trading volume, of 8,850,000 shares, the short-interest ratio is currently 6.6 days. Currently, 13.6% of the shares of the company are short sold.

AMC Entertainment Trading Down 0.2 %

AMC Entertainment stock traded down $0.01 during mid-day trading on Thursday, hitting $2.71. The company's stock had a trading volume of 10,637,148 shares, compared to its average volume of 22,541,364. AMC Entertainment has a 1 year low of $2.45 and a 1 year high of $11.88. The firm has a market capitalization of $1.17 billion, a PE ratio of -1.68 and a beta of 1.41. The stock's fifty day moving average is $2.86 and its two-hundred day moving average is $3.61.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.18). The business's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.62) EPS. On average, equities analysts expect that AMC Entertainment will post -1.38 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legacy Financial Strategies LLC purchased a new position in shares of AMC Entertainment in the first quarter valued at approximately $29,000. Sowell Financial Services LLC purchased a new stake in shares of AMC Entertainment during the first quarter worth $36,000. Sterling Capital Management LLC boosted its holdings in AMC Entertainment by 831.5% in the fourth quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock valued at $43,000 after purchasing an additional 9,679 shares during the period. Abacus Planning Group Inc. acquired a new position in AMC Entertainment during the 1st quarter worth $47,000. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in AMC Entertainment by 68.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock worth $63,000 after purchasing an additional 6,473 shares during the period. Hedge funds and other institutional investors own 28.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMC. Macquarie restated a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th. Citigroup reaffirmed a "sell" rating and issued a $2.30 price target (down from $2.80) on shares of AMC Entertainment in a research note on Thursday, April 24th. 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 report on Wednesday, April 16th. Roth Capital set a $3.25 target price on shares of AMC Entertainment in a research report on Tuesday, February 4th. Finally, Benchmark restated a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, AMC Entertainment currently has a consensus rating of "Hold" and a consensus target price of $4.65.

About AMC Entertainment

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.