Short Interest in AMC Entertainment Holdings, Inc. (NYSE:AMC) Expands By 84.5%

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 92,917,767 shares, an increase of 84.5% from the December 15th total of 50,362,080 shares. Approximately 18.2% of the company’s shares are short sold. Based on an average daily volume of 26,274,887 shares, the days-to-cover ratio is presently 3.5 days. Based on an average daily volume of 26,274,887 shares, the days-to-cover ratio is presently 3.5 days. Approximately 18.2% of the company’s shares are short sold.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its position in AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after purchasing an additional 7,496 shares during the period. Total Investment Management Inc. bought a new position in AMC Entertainment in the 2nd quarter valued at about $27,000. Gradient Capital Advisors LLC bought a new stake in shares of AMC Entertainment during the third quarter worth approximately $29,000. Sovereign Financial Group Inc. bought a new stake in shares of AMC Entertainment during the second quarter worth approximately $32,000. Finally, CFO4Life Group LLC acquired a new position in shares of AMC Entertainment in the second quarter valued at approximately $33,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

NYSE AMC remained flat at $1.60 during trading on Friday. The company’s stock had a trading volume of 31,051,924 shares, compared to its average volume of 31,221,462. AMC Entertainment has a 12-month low of $1.44 and a 12-month high of $4.08. The company has a 50 day moving average price of $1.96 and a 200-day moving average price of $2.58. The firm has a market cap of $820.70 million, a P/E ratio of -1.13 and a beta of 0.72.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the business earned ($0.04) EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. Sell-side analysts expect that AMC Entertainment will post -1.38 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on AMC shares. Citigroup reaffirmed a “sell” rating and set a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. Wall Street Zen cut AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Zacks Research cut AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Macquarie cut their price target on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, AMC Entertainment has an average rating of “Reduce” and a consensus price target of $2.76.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.