Short Interest in AMC Entertainment Holdings, Inc. (NYSE:AMC) Declines By 40.4%

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 63,294,412 shares, a decrease of 40.4% from the April 30th total of 106,232,769 shares. Approximately 10.4% of the shares of the stock are short sold. Based on an average daily volume of 28,248,546 shares, the short-interest ratio is currently 2.2 days.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMC shares. B. Riley Financial restated a “neutral” rating on shares of AMC Entertainment in a report on Friday, April 17th. Roth Mkm set a $1.50 price target on shares of AMC Entertainment in a research note on Tuesday, May 19th. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Wednesday, May 6th. Citigroup raised their price objective on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, AMC Entertainment presently has a consensus rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment Stock Performance

Shares of AMC traded down $0.01 during trading hours on Thursday, hitting $1.83. The company had a trading volume of 12,346,274 shares, compared to its average volume of 34,661,625. AMC Entertainment has a 52-week low of $0.93 and a 52-week high of $3.60. The firm has a fifty day moving average price of $1.46 and a 200-day moving average price of $1.55. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -1.72 and a beta of 2.22.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $979.19 million. The business’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the business posted ($0.58) earnings per share. Research analysts anticipate that AMC Entertainment will post -0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AMC Entertainment news, CEO Adam M. Aron acquired 250,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the completion of the transaction, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This represents a 11.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by insiders.

Institutional Trading of AMC Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AMC Entertainment by 21.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock worth $690,000 after acquiring an additional 41,860 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in AMC Entertainment by 30.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock worth $2,038,000 after acquiring an additional 164,740 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of AMC Entertainment by 19.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock valued at $5,643,000 after purchasing an additional 300,376 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of AMC Entertainment by 89.6% in the second quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock valued at $173,000 after acquiring an additional 26,310 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in AMC Entertainment by 9.2% in the second quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock worth $315,000 after purchasing an additional 8,629 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.