AMC Entertainment Holdings Inc (NYSE:AMC) Short Interest Up 19.5% in November

AMC Entertainment Holdings Inc (NYSE:AMC) was the target of a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 28,580,000 shares, an increase of 19.5% from the November 14th total of 23,910,000 shares. Approximately 57.3% of the company’s stock are sold short. Based on an average daily volume of 2,740,000 shares, the short-interest ratio is currently 10.4 days.

Several equities research analysts have recently issued reports on AMC shares. Goldman Sachs Group set a $11.00 price objective on shares of AMC Entertainment and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Imperial Capital decreased their price objective on shares of AMC Entertainment from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Macquarie set a $16.00 price objective on shares of AMC Entertainment and gave the stock a “buy” rating in a research report on Tuesday, October 15th. MKM Partners set a $11.00 price objective on shares of AMC Entertainment and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Citigroup decreased their price objective on shares of AMC Entertainment from $17.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.00.

Shares of AMC opened at $8.16 on Thursday. AMC Entertainment has a 1-year low of $7.47 and a 1-year high of $17.07. The stock has a market cap of $847.94 million, a PE ratio of 62.77 and a beta of 0.76. The company has a debt-to-equity ratio of 8.16, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a fifty day moving average price of $8.85 and a 200 day moving average price of $10.27.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.11). AMC Entertainment had a net margin of 0.64% and a negative return on equity of 8.31%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned ($0.82) earnings per share. AMC Entertainment’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts expect that AMC Entertainment will post -1.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 9.80%. AMC Entertainment’s dividend payout ratio (DPR) is presently 615.38%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new stake in AMC Entertainment in the third quarter valued at $750,000. Stifel Financial Corp purchased a new stake in AMC Entertainment in the third quarter valued at $460,000. State Street Corp lifted its position in AMC Entertainment by 1.5% in the third quarter. State Street Corp now owns 1,098,291 shares of the company’s stock valued at $11,752,000 after acquiring an additional 16,448 shares during the last quarter. CNA Financial Corp raised its holdings in shares of AMC Entertainment by 85.8% in the third quarter. CNA Financial Corp now owns 53,700 shares of the company’s stock valued at $575,000 after buying an additional 24,800 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of AMC Entertainment by 432.8% in the third quarter. Tower Research Capital LLC TRC now owns 3,719 shares of the company’s stock valued at $40,000 after buying an additional 3,021 shares during the last quarter. 50.57% of the stock is owned by hedge funds and other institutional investors.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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