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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of a significant decrease in short interest in 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 volume of 12,750,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 12.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Macquarie reaffirmed an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. B. Riley reduced their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Four 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 currently has an average rating of “Reduce” and an average price target of $5.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in AMC Entertainment by 153.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after buying an additional 2,243,052 shares during the last quarter. Virtu Financial LLC acquired a new position in AMC Entertainment in the 3rd quarter valued at about $893,000. Geode Capital Management LLC lifted its holdings in AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after purchasing an additional 866,757 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of AMC Entertainment during the 3rd quarter worth about $72,000. Finally, Scientech Research LLC purchased a new stake in shares of AMC Entertainment during the second quarter worth about $1,167,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Price Performance

NYSE AMC opened at $3.50 on Monday. The business has a 50 day moving average price of $4.28 and a 200 day moving average price of $4.60. The company has a market capitalization of $1.31 billion, a P/E ratio of -2.17 and a beta of 1.92. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88.

AMC Entertainment (NYSE:AMC) 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 firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business earned ($0.09) EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts expect that AMC Entertainment will post -1.41 earnings per share for the current fiscal year.

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.