AMC Entertainment Holdings Inc (NYSE:AMC) Short Interest Update

AMC Entertainment Holdings Inc (NYSE:AMC) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 14,910,600 shares, a growth of 11.4% from the June 30th total of 13,381,000 shares. Based on an average daily trading volume, of 2,700,000 shares, the short-interest ratio is presently 5.5 days. Currently, 29.5% of the shares of the company are short sold.

A number of large investors have recently added to or reduced their stakes in AMC. Norges Bank acquired a new stake in AMC Entertainment in the fourth quarter valued at about $12,816,000. Renaissance Technologies LLC boosted its stake in AMC Entertainment by 39.3% in the second quarter. Renaissance Technologies LLC now owns 3,493,168 shares of the company’s stock valued at $32,591,000 after buying an additional 985,100 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in AMC Entertainment by 648.9% in the first quarter. JPMorgan Chase & Co. now owns 864,774 shares of the company’s stock valued at $12,842,000 after buying an additional 749,305 shares in the last quarter. Bank of America Corp DE boosted its stake in AMC Entertainment by 314.6% in the second quarter. Bank of America Corp DE now owns 627,594 shares of the company’s stock valued at $5,857,000 after buying an additional 476,203 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in AMC Entertainment by 23.1% in the second quarter. Victory Capital Management Inc. now owns 1,807,308 shares of the company’s stock valued at $16,862,000 after buying an additional 338,938 shares in the last quarter. 48.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMC traded down $0.13 during trading hours on Thursday, hitting $10.62. 608,499 shares of the company were exchanged, compared to its average volume of 3,547,284. The stock has a market capitalization of $1.10 billion, a P/E ratio of 81.69 and a beta of 0.85. AMC Entertainment has a fifty-two week low of $8.73 and a fifty-two week high of $21.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 7.43. The business’s fifty day simple moving average is $10.41.



AMC Entertainment (NYSE:AMC) last released its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. AMC Entertainment had a negative return on equity of 10.96% and a negative net margin of 0.20%. AMC Entertainment’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. Analysts expect that AMC Entertainment will post -0.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend is Friday, September 6th. AMC Entertainment’s dividend payout ratio (DPR) is currently 615.38%.

Several research firms have weighed in on AMC. Zacks Investment Research cut AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Roth Capital began coverage on AMC Entertainment in a research report on Friday, July 19th. They set an “outperform” rating and a $18.00 price objective on the stock. TheStreet cut AMC Entertainment from a “c” rating to a “d+” rating in a research report on Friday, May 10th. MKM Partners lowered their price objective on AMC Entertainment to $8.50 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, Loop Capital reiterated a “hold” rating on shares of AMC Entertainment in a research report on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. AMC Entertainment currently has an average rating of “Buy” and an average price target of $16.05.

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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