AMC Entertainment Holdings, Inc. (NYSE:AMC) Short Interest Update

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 48,720,000 shares, a decrease of 8.2% from the December 15th total of 53,050,000 shares. Based on an average daily trading volume, of 12,750,000 shares, the short-interest ratio is presently 3.8 days. Approximately 12.8% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

AMC has been the subject of several analyst reports. StockNews.com upgraded AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. B. Riley decreased their price target on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Finally, Macquarie reissued an "underperform" rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $5.44.

AMC Entertainment Trading Down 2.4 %

Shares of AMC Entertainment stock traded down $0.09 during trading hours on Friday, reaching $3.50. The stock had a trading volume of 16,104,425 shares, compared to its average volume of 11,634,622. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -2.17 and a beta of 1.92. The firm has a 50 day simple moving average of $4.28 and a two-hundred day simple moving average of $4.60.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned ($0.09) earnings per share. The company's quarterly revenue was down 4.1% on a year-over-year basis. Sell-side analysts forecast that AMC Entertainment will post -1.41 EPS for the current year.

Institutional Trading of AMC Entertainment

Several large investors have recently added to or reduced their stakes in AMC. Commonwealth Equity Services LLC lifted its holdings in AMC Entertainment by 243.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 56,911 shares of the company's stock worth $283,000 after buying an additional 40,336 shares in the last quarter. Rhumbline Advisers boosted its holdings in AMC Entertainment by 150.3% in the second quarter. Rhumbline Advisers now owns 437,501 shares of the company's stock valued at $2,179,000 after purchasing an additional 262,701 shares during the last quarter. Victory Capital Management Inc. grew its stake in AMC Entertainment by 10.3% during the 2nd quarter. Victory Capital Management Inc. now owns 38,050 shares of the company's stock valued at $189,000 after purchasing an additional 3,553 shares in the last quarter. Hsbc Holdings PLC increased its holdings in AMC Entertainment by 76.6% during the 2nd quarter. Hsbc Holdings PLC now owns 33,042 shares of the company's stock worth $164,000 after purchasing an additional 14,334 shares during the last quarter. Finally, Xponance Inc. purchased a new position in shares of AMC Entertainment during the 2nd quarter valued at approximately $88,000. 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.