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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of a large increase in short interest during 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. Currently, 18.2% of the company’s stock are short sold. Based on an average trading volume of 26,274,887 shares, the short-interest ratio is currently 3.5 days. Based on an average trading volume of 26,274,887 shares, the short-interest ratio is currently 3.5 days. Currently, 18.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently added to or reduced their stakes in AMC. Ameritas Investment Partners Inc. lifted its holdings in AMC Entertainment by 8.7% in the second quarter. Ameritas Investment Partners Inc. now owns 44,447 shares of the company’s stock valued at $138,000 after buying an additional 3,558 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of AMC Entertainment by 7.6% in the third quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock valued at $236,000 after purchasing an additional 5,763 shares in the last quarter. Traphagen Investment Advisors LLC lifted its position in AMC Entertainment by 26.3% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 30,008 shares of the company’s stock worth $93,000 after buying an additional 6,252 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of AMC Entertainment by 59.5% in the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after buying an additional 6,536 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in AMC Entertainment by 14.3% during the third quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock worth $170,000 after purchasing an additional 7,339 shares during the period. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Up 2.9%

AMC stock traded up $0.05 during midday trading on Thursday, reaching $1.60. 35,514,953 shares of the company’s stock traded hands, compared to its average volume of 40,592,590. The company has a 50-day simple moving average of $2.00 and a two-hundred day simple moving average of $2.60. AMC Entertainment has a 1-year low of $1.44 and a 1-year high of $4.08. The company has a market cap of $818.14 million, a price-to-earnings ratio of -1.13 and a beta of 0.72.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 5th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.21 billion. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. Equities research analysts forecast that AMC Entertainment will post -1.38 EPS for the current year.

About AMC Entertainment

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.