AMC Entertainment Holdings Inc (AMC) Short Interest Update

AMC Entertainment Holdings Inc (NYSE:AMC) saw a large increase in short interest during the month of December. As of December 29th, there was short interest totalling 20,259,697 shares, an increase of 13.6% from the December 15th total of 17,828,696 shares. Based on an average daily trading volume, of 2,624,537 shares, the days-to-cover ratio is presently 7.7 days. Approximately 42.3% of the company’s stock are sold short.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded AMC Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. 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 report on Tuesday, November 7th. Wedbush set a $19.00 price objective on AMC Entertainment and gave the company a “buy” rating in a report on Monday, January 8th. Credit Suisse Group cut their price objective on AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating for the company in a report on Tuesday, November 7th. Finally, Royal Bank of Canada downgraded AMC Entertainment from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $24.23.

Shares of AMC Entertainment (NYSE AMC) opened at $13.40 on Friday. AMC Entertainment has a twelve month low of $10.80 and a twelve month high of $34.90. The stock has a market capitalization of $1,730.00, a price-to-earnings ratio of -10.23 and a beta of 1.37. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.04). AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The business 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 business earned $0.31 EPS. The company’s revenue for the quarter was up 51.2% compared to the same quarter last year. equities research analysts expect that AMC Entertainment will post -1.24 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc lifted its holdings in AMC Entertainment by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock valued at $301,000 after purchasing an additional 337 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in AMC Entertainment by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in AMC Entertainment by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after purchasing an additional 601 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AMC Entertainment by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 445,078 shares of the company’s stock valued at $10,126,000 after purchasing an additional 4,485 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of AMC Entertainment during the second quarter worth $125,000. 48.60% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “AMC Entertainment Holdings Inc (AMC) Short Interest Update” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/19/amc-entertainment-holdings-inc-amc-short-interest-update.html.

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.

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit