AMC Entertainment Holdings, Inc. (NYSE:AMC) Sees Large Growth in Short Interest

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 48,490,000 shares, a growth of 23.6% from the March 15th total of 39,230,000 shares. Currently, 11.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,020,000 shares, the days-to-cover ratio is presently 4.8 days.

AMC Entertainment Stock Performance

Shares of NYSE AMC remained flat at $2.71 during midday trading on Friday. 5,401,077 shares of the company traded hands, compared to its average volume of 23,125,948. AMC Entertainment has a one year low of $2.45 and a one year high of $11.88. The firm has a 50-day moving average of $2.97 and a 200-day moving average of $3.69. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.68 and a beta of 1.64.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

AMC has been the topic of a number of recent research reports. Citigroup reiterated a "sell" rating and set a $2.30 price target (down from $2.80) on shares of AMC Entertainment in a research report on Thursday. Macquarie reaffirmed a "neutral" rating and set a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, February 26th. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a report on Tuesday, February 4th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Finally, Roth Mkm cut their target price 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. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.65.

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.