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

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

AMC Entertainment Stock Performance

AMC opened at $4.37 on Tuesday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -2.71 and a beta of 1.83. The firm’s fifty day moving average is $4.48 and its 200 day moving average is $4.72. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. On average, equities research analysts predict that AMC Entertainment will post -1.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMC shares. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. B. Riley reduced their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Macquarie reaffirmed an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, Wedbush reissued a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Monday, August 5th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank raised its position in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares during the last quarter. Private Advisor Group LLC boosted its stake in AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after buying an additional 3,237 shares during the last quarter. Victory Capital Management Inc. boosted its stake in AMC Entertainment by 10.3% during the second quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock valued at $189,000 after buying an additional 3,553 shares during the last quarter. Waldron Private Wealth LLC increased its position in AMC Entertainment by 47.0% in the second quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock worth $85,000 after purchasing an additional 5,459 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AMC Entertainment by 14.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after buying an additional 5,902 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.

About AMC Entertainment

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.