Short Interest in AMC Entertainment Holdings, Inc. (NYSE:AMC) Rises By 84.5%

by · The Markets Daily

AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 92,917,767 shares, an increase of 84.5% from the December 15th total of 50,362,080 shares. Based on an average trading volume of 26,274,887 shares, the days-to-cover ratio is currently 3.5 days. Approximately 18.2% of the company’s shares are short sold. Approximately 18.2% of the company’s shares are short sold. Based on an average trading volume of 26,274,887 shares, the days-to-cover ratio is currently 3.5 days.

AMC Entertainment Stock Performance

Shares of AMC stock remained flat at $1.60 on Friday. The company had a trading volume of 31,051,924 shares, compared to its average volume of 31,221,462. AMC Entertainment has a 12-month low of $1.44 and a 12-month high of $4.08. The business has a 50 day moving average price of $1.96 and a 200 day moving average price of $2.58. The company has a market capitalization of $820.70 million, a P/E ratio of -1.13 and a beta of 0.72.

AMC Entertainment (NYSE:AMC – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned ($0.04) earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, research analysts predict that AMC Entertainment will post -1.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Zacks Research cut AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Macquarie decreased their target price on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup restated a “sell” rating and issued a $1.30 price target (down from $2.30) on shares of AMC Entertainment in a report on Monday, January 12th. Finally, Wall Street Zen lowered shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $2.76.

Read Our Latest Report on AMC

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in AMC. Jones Financial Companies Lllp raised its stake in shares of AMC Entertainment by 761.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares in the last quarter. Total Investment Management Inc. purchased a new stake in shares of AMC Entertainment during the 2nd quarter valued at $27,000. Gradient Capital Advisors LLC acquired a new stake in shares of AMC Entertainment in the 3rd quarter worth $29,000. Sovereign Financial Group Inc. purchased a new position in AMC Entertainment during the 2nd quarter worth $32,000. Finally, CFO4Life Group LLC acquired a new position in AMC Entertainment during the 2nd quarter valued at about $33,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

(Get Free Report)

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.

Read More