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

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) saw a large 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 trading volume, of 12,750,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 12.8% of the company's stock are sold short.

AMC Entertainment Price Performance

AMC traded down $0.09 on Monday, hitting $3.50. 16,104,425 shares of the stock were exchanged, compared to its average volume of 11,634,622. The firm has a market capitalization of $1.31 billion, a price-to-earnings 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 business has a 50-day moving average of $4.26 and a two-hundred day moving average of $4.59.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. The business's revenue was down 4.1% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. Equities research analysts expect that AMC Entertainment will post -1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMC. Benchmark restated a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. B. Riley lowered their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Macquarie restated an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, AMC Entertainment currently has a consensus rating of "Reduce" and an average price target of $5.44.

Institutional Investors Weigh In On AMC Entertainment

Large investors have recently modified their holdings of the business. Amalgamated Bank boosted its stake in shares of AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock worth $68,000 after purchasing an additional 3,237 shares during the period. Victory Capital Management Inc. grew its position 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 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 47.5% during the 3rd quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company's stock valued at $115,000 after purchasing an additional 8,102 shares during the period. Finally, KBC Group NV acquired a new stake in shares of AMC Entertainment during the third quarter worth $37,000. Institutional investors and hedge funds own 28.80% of the company's stock.

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.