AMC Entertainment Holdings, Inc. (NYSE:AMC) Short Interest Down 7.9% in October

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 48,610,000 shares, a decline of 7.9% from the October 15th total of 52,760,000 shares. Currently, 13.0% of the shares of the company are sold short. Based on an average trading volume of 8,720,000 shares, the days-to-cover ratio is presently 5.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at approximately $37,000. Skylands Capital LLC bought a new stake in AMC Entertainment during the 2nd quarter worth approximately $50,000. Creative Planning bought a new position in shares of AMC Entertainment during the third quarter valued at $48,000. Amalgamated Bank grew its stake in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in AMC Entertainment in the third quarter valued at $55,000. 28.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMC has been the topic of several research analyst reports. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Macquarie restated an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. B. Riley dropped their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Stock Performance

Shares of AMC Entertainment stock opened at $4.34 on Wednesday. The business’s 50 day simple moving average is $4.47 and its 200 day simple moving average is $4.73. The firm has a market cap of $1.63 billion, a PE ratio of -2.68 and a beta of 1.83. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS 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 analyst estimates of $1.33 billion. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. As a group, equities research analysts predict that AMC Entertainment will post -1.42 EPS for the current 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.