AMC Entertainment Holdings, Inc. (NYSE:AMC) Short Interest Down 8.2% in December

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw a significant decrease in short interest during the month of 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 short-interest ratio is presently 3.8 days. Approximately 12.8% of the shares of the stock are short sold.

Analyst Ratings Changes

Several brokerages recently issued reports on AMC. B. Riley cut 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 report on Thursday, November 7th. Macquarie reiterated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Finally, Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.44.

Institutional Trading of AMC Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its position in shares of AMC Entertainment by 243.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 56,911 shares of the company’s stock worth $283,000 after acquiring an additional 40,336 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of AMC Entertainment by 150.3% during the 2nd quarter. Rhumbline Advisers now owns 437,501 shares of the company’s stock valued at $2,179,000 after buying an additional 262,701 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of AMC Entertainment by 10.3% in the 2nd quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock worth $189,000 after acquiring an additional 3,553 shares in the last quarter. Hsbc Holdings PLC boosted its stake in AMC Entertainment by 76.6% during the second quarter. Hsbc Holdings PLC now owns 33,042 shares of the company’s stock worth $164,000 after acquiring an additional 14,334 shares in the last quarter. Finally, Xponance Inc. purchased a new stake in AMC Entertainment in the second quarter worth about $88,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Price Performance

AMC traded down $0.09 during trading on Friday, hitting $3.50. 16,104,425 shares of the stock traded hands, compared to its average volume of 11,634,622. The firm 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 12-month low of $2.38 and a 12-month high of $11.88. The firm has a 50-day moving average of $4.28 and a 200 day moving average of $4.61.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm earned ($0.09) EPS. The business’s revenue was down 4.1% on a year-over-year basis. As a group, equities analysts predict that AMC Entertainment will post -1.41 EPS 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.