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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of a large growth in short interest in 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. Based on an average daily trading volume, of 10,020,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 11.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMC. FMR LLC lifted its stake in shares of AMC Entertainment by 43.5% in the 3rd quarter. FMR LLC now owns 60,877 shares of the company’s stock worth $277,000 after purchasing an additional 18,464 shares during the period. State Street Corp grew 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 valued at $33,458,000 after acquiring an additional 936,618 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 866,757 shares in the last quarter. Virtu Financial LLC purchased a new stake in AMC Entertainment in the third quarter worth about $893,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of AMC Entertainment during the 3rd quarter valued at about $72,000. Institutional investors own 28.80% of the company’s stock.

Analyst Ratings Changes

AMC has been the topic of several research reports. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Macquarie restated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th. Citigroup dropped their target price on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a report on Friday, March 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Finally, Roth Mkm reduced their price objective on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.72.

AMC Entertainment Trading Down 2.9 %

NYSE:AMC traded down $0.08 during trading hours on Monday, reaching $2.70. The company had a trading volume of 6,787,894 shares, compared to its average volume of 23,271,569. The firm’s 50 day moving average price is $3.05 and its 200-day moving average price is $3.74. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -1.68 and a beta of 1.64. AMC Entertainment has a 52 week low of $2.45 and a 52 week high of $11.88.

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.