AMC Entertainment Holdings, Inc. (NYSE:AMC) Short Interest Down 9.0% in June

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 52,950,000 shares, a decline of 9.0% from the May 31st total of 58,200,000 shares. Currently, 18.0% of the shares of the company are sold short. Based on an average daily trading volume, of 58,070,000 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently modified their holdings of AMC. Russell Investments Group Ltd. acquired a new stake in shares of AMC Entertainment in the fourth quarter worth about $34,000. Mayflower Financial Advisors LLC bought a new stake in AMC Entertainment during the first quarter worth approximately $37,000. Powell Investment Advisors LLC acquired a new position in AMC Entertainment during the first quarter valued at approximately $55,000. Tower Research Capital LLC TRC boosted its holdings in shares of AMC Entertainment by 817.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after buying an additional 8,861 shares during the period. Finally, Eudaimonia Partners LLC bought a new stake in shares of AMC Entertainment in the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Down 3.5 %

Shares of AMC traded down $0.18 during midday trading on Wednesday, reaching $5.03. 13,421,327 shares of the stock were exchanged, compared to its average volume of 36,962,012. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -4.13 and a beta of 1.84. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $62.30. The firm has a 50 day simple moving average of $4.45 and a 200-day simple moving average of $4.41.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The company had revenue of $951.40 million for the quarter, compared to analysts’ expectations of $951.40 million. Research analysts expect that AMC Entertainment will post -0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMC. Wedbush lowered their target price on AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Citigroup increased their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research report on Tuesday, May 14th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $5.54.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.