AMC Entertainment Holdings, Inc. (NYSE:AMC) Sees Large Growth in Short Interest

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 48,490,000 shares, an increase of 23.6% from the March 15th total of 39,230,000 shares. Currently, 11.3% of the company's stock are short sold. Based on an average trading volume of 10,020,000 shares, the short-interest ratio is presently 4.8 days.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently modified their holdings of AMC. Sowell Financial Services LLC acquired a new stake in AMC Entertainment during the first quarter worth about $36,000. Traphagen Investment Advisors LLC grew its stake in shares of AMC Entertainment by 48.1% during the 1st quarter. Traphagen Investment Advisors LLC now owns 23,756 shares of the company's stock worth $68,000 after purchasing an additional 7,720 shares during the period. Abacus Planning Group Inc. purchased a new position in shares of AMC Entertainment during the 1st quarter valued at approximately $47,000. Rhumbline Advisers lifted its stake in shares of AMC Entertainment by 5.5% in the 1st quarter. Rhumbline Advisers now owns 539,188 shares of the company's stock valued at $1,547,000 after purchasing an additional 28,017 shares during the period. Finally, Legacy Financial Strategies LLC purchased a new stake in AMC Entertainment during the first quarter worth $29,000. Institutional investors and hedge funds own 28.80% of the company's stock.

AMC Entertainment Stock Performance

Shares of AMC Entertainment stock traded up $0.02 during trading on Thursday, hitting $2.73. 5,798,161 shares of the company's stock were exchanged, compared to its average volume of 23,088,535. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $11.88. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -1.70 and a beta of 1.64. The business has a 50-day simple moving average of $3.00 and a 200-day simple moving average of $3.71.

Analysts Set New Price Targets

AMC has been the subject of several analyst reports. Macquarie reiterated a "neutral" rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. Roth Capital set a $3.25 price target on AMC Entertainment in a research note on Tuesday, February 4th. StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Finally, Citigroup reiterated a "sell" rating and set a $2.30 price objective (down from $2.80) on shares of AMC Entertainment in a research note on Thursday. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $4.65.

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.