AMC Entertainment Holdings Inc (NYSE:AMC) was the recipient of a large drop in short interest in January. As of January 12th, there was short interest totalling 20,081,343 shares, a drop of 0.9% from the December 29th total of 20,259,697 shares. Approximately 38.3% of the company’s stock are short sold. Based on an average daily volume of 2,431,065 shares, the days-to-cover ratio is currently 8.3 days.

A number of analysts have recently weighed in on AMC shares. Zacks Investment Research raised AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Wedbush set a $21.00 price objective on AMC Entertainment and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada cut AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Finally, B. Riley reissued a “buy” rating and issued a $30.00 price objective (down previously from $30.50) on shares of AMC Entertainment in a research report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. AMC Entertainment has an average rating of “Hold” and a consensus target price of $23.25.

Shares of AMC Entertainment (NYSE AMC) traded down $0.28 on Tuesday, reaching $12.57. The company’s stock had a trading volume of 1,379,678 shares, compared to its average volume of 2,098,842. AMC Entertainment has a 12 month low of $10.80 and a 12 month high of $34.13. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. The firm has a market cap of $1,657.78, a PE ratio of -10.04 and a beta of 1.37.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 51.2% compared to the same quarter last year. equities research analysts predict that AMC Entertainment will post -1.23 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc lifted its position in AMC Entertainment by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock worth $301,000 after acquiring an additional 337 shares during the period. Ameritas Investment Partners Inc. lifted its position in AMC Entertainment by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after acquiring an additional 372 shares during the period. California Public Employees Retirement System lifted its position in AMC Entertainment by 19.4% during the 2nd quarter. California Public Employees Retirement System now owns 40,634 shares of the company’s stock worth $924,000 after acquiring an additional 6,600 shares during the period. Wells Fargo & Company MN lifted its position in AMC Entertainment by 14.1% during the 2nd quarter. Wells Fargo & Company MN now owns 55,512 shares of the company’s stock worth $1,263,000 after acquiring an additional 6,878 shares during the period. Finally, Brookstone Capital Management lifted its position in AMC Entertainment by 68.7% during the 3rd quarter. Brookstone Capital Management now owns 19,961 shares of the company’s stock worth $293,000 after acquiring an additional 8,130 shares during the period. 48.71% of the stock is owned by institutional investors.

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About AMC Entertainment

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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