Short Interest in AMC Entertainment Holdings, Inc. (NYSE:AMC) Rises By 23.6%

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

Institutional Trading of AMC Entertainment

A number of large investors have recently made changes to their positions in AMC. FMR LLC grew its holdings in AMC Entertainment by 43.5% during the 3rd quarter. FMR LLC now owns 60,877 shares of the company's stock worth $277,000 after acquiring an additional 18,464 shares in the last quarter. State Street Corp lifted its position in shares of AMC Entertainment by 14.6% during the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock worth $33,458,000 after purchasing an additional 936,618 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock worth $36,622,000 after purchasing an additional 866,757 shares in the last quarter. Virtu Financial LLC purchased a new position in AMC Entertainment in the third quarter valued at $893,000. Finally, Sanctuary Advisors LLC acquired a new stake in AMC Entertainment in the third quarter valued at $72,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Trading Up 0.2 %

AMC traded up $0.01 on Friday, hitting $2.72. 1,526,166 shares of the company were exchanged, compared to its average volume of 9,443,938. The firm has a 50-day moving average price of $2.99 and a two-hundred day moving average price of $3.70. AMC Entertainment has a twelve month low of $2.45 and a twelve month high of $11.88. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -1.69 and a beta of 1.64.

Analysts Set New Price Targets

AMC has been the subject of several research analyst reports. Macquarie reaffirmed a "neutral" rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, February 26th. 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 report on Wednesday, April 16th. Citigroup restated 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. Roth Capital set a $3.25 price objective on AMC Entertainment in a report on Tuesday, February 4th. Finally, Benchmark restated a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, AMC Entertainment presently has a consensus rating of "Hold" and a consensus 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.