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

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

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in AMC Entertainment by 22.9% during the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company's stock worth $92,273,000 after buying an additional 4,617,007 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of AMC Entertainment by 153.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock worth $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. Renaissance Technologies LLC boosted its position in AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company's stock valued at $51,223,000 after purchasing an additional 1,585,430 shares in the last quarter. Marshall Wace LLP purchased a new position in AMC Entertainment in the second quarter valued at about $6,775,000. Finally, SG Americas Securities LLC raised its holdings in AMC Entertainment by 1,894.0% in the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company's stock worth $5,583,000 after purchasing an additional 1,064,805 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Wedbush reiterated a "neutral" rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th. Macquarie restated an "underperform" rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. Morgan Stanley reduced their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, August 12th. Finally, StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research 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 data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $5.44.

AMC Entertainment Stock Down 2.6 %

AMC traded down $0.12 on Monday, hitting $4.37. The company had a trading volume of 8,031,863 shares, compared to its average volume of 25,943,115. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88. The company has a market cap of $1.64 billion, a PE ratio of -2.80 and a beta of 1.83. The business's fifty day simple moving average is $4.48 and its 200 day simple moving average is $4.72.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. AMC Entertainment's revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) earnings per share. On average, analysts anticipate that AMC Entertainment will post -1.42 earnings per share for the current fiscal year.

AMC Entertainment Company Profile

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.