AMC Entertainment Holdings, Inc. (NYSE:AMC) Short Interest Up 7.3% in December

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 53,050,000 shares, a growth of 7.3% from the November 30th total of 49,460,000 shares. Based on an average trading volume of 12,570,000 shares, the short-interest ratio is presently 4.2 days. Currently, 14.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMC shares. Macquarie reissued an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, B. Riley decreased their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, AMC Entertainment presently has an average rating of “Reduce” and an average price target of $5.44.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of AMC. JPMorgan Chase & Co. increased its holdings in AMC Entertainment by 431.5% during the third quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company’s stock worth $5,378,000 after buying an additional 959,642 shares during the last quarter. Franklin Resources Inc. purchased a new position in AMC Entertainment in the third quarter valued at approximately $788,000. Sanctuary Advisors LLC bought a new position in AMC Entertainment during the third quarter valued at $72,000. Virtu Financial LLC purchased a new stake in AMC Entertainment in the third quarter worth $893,000. Finally, Geode Capital Management LLC boosted its position in AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after buying an additional 866,757 shares during the period. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Up 0.3 %

NYSE AMC traded up $0.01 during mid-day trading on Wednesday, hitting $3.98. The company’s stock had a trading volume of 10,000,421 shares, compared to its average volume of 24,922,385. The company’s 50 day simple moving average is $4.44 and its 200 day simple moving average is $4.69. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -2.47 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) 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 quarter in the prior year, the business earned ($0.09) earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, research analysts forecast that AMC Entertainment will post -1.41 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.