AMC Entertainment Holdings Inc (AMC) Short Interest Up 13.6% in December

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

Shares of AMC Entertainment (AMC) opened at $13.20 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $1,728.73, a price-to-earnings ratio of -10.31 and a beta of 1.37. AMC Entertainment has a 1-year low of $10.80 and a 1-year high of $34.90.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.04). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. AMC Entertainment’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. research analysts forecast that AMC Entertainment will post -1.24 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its holdings in shares of AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after buying an additional 372 shares during the period. Seven Eight Capital LP purchased a new stake in shares of AMC Entertainment in the 2nd quarter valued at $125,000. Pacer Advisors Inc. raised its holdings in shares of AMC Entertainment by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after buying an additional 601 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of AMC Entertainment by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock valued at $162,000 after buying an additional 6,055 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of AMC Entertainment in the 2nd quarter valued at $222,000. Hedge funds and other institutional investors own 48.60% of the company’s stock.

A number of research firms have commented on AMC. Zacks Investment Research upgraded AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. B. Riley set a $30.00 target price on AMC Entertainment and gave the company a “buy” rating in a research report on Tuesday, November 14th. Wedbush set a $21.00 target price on AMC Entertainment and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, Credit Suisse Group reduced their target price on AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating on the stock in a research report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. AMC Entertainment has a consensus rating of “Hold” and an average price target of $24.23.

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AMC Entertainment Company Profile

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.

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