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

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

AMC Entertainment Trading Up 21.7%

NYSE:AMC opened at $2.11 on Tuesday. AMC Entertainment has a 1-year low of $0.93 and a 1-year high of $3.60. The firm has a fifty day simple moving average of $1.42 and a 200 day simple moving average of $1.55. The stock has a market capitalization of $1.29 billion, a PE ratio of -1.99 and a beta of 2.14.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $979.19 million. During the same period last year, the business posted ($0.58) earnings per share. AMC Entertainment’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities analysts predict that AMC Entertainment will post -0.41 earnings per share for the current fiscal year.

Key Stories Impacting AMC Entertainment

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: AMC said May attendance reached 25.5 million guests across its AMC Theatres and ODEON locations, marking the strongest May since 2019 and signaling improving demand for movie theaters. AMC Entertainment Records Its Highest Domestic and Global May Attendance Since 2019
• Positive Sentiment: Recent blockbuster sequels and horror titles helped drive bigger crowds, suggesting the company may be benefiting from a healthier box office environment. AMC Stock Pops as Blockbuster Sequels and Horror Hits Drive Big Attendance Numbers
• Positive Sentiment: Analysts said domestic box office performance in May came in stronger than expected, which could support continued momentum for AMC’s theater traffic in June and beyond. Domestic Box Office Poised for Continued Momentum After May Beat, B. Riley Says
• Neutral Sentiment: Coverage notes that AMC’s stock has surged on the attendance news, but the move is being driven mainly by sentiment around theater demand rather than any new financial guidance or earnings update. Stock Market Today, June 1: AMC Entertainment Surges After Reporting 25.5 Million May Moviegoers

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at AMC Entertainment

In related news, CEO Adam M. Aron acquired 250,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the acquisition, the chief executive officer directly owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. The trade was a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMC. 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. Triumph Capital Management boosted its position in AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares during the period. Royal Bank of Canada boosted its position in AMC Entertainment by 90.7% during the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after purchasing an additional 16,011 shares during the period. Pitcairn Co. bought a new position in AMC Entertainment during the second quarter worth $34,000. Finally, Powell Investment Advisors LLC bought a new position in AMC Entertainment during the fourth quarter worth $39,000. 28.80% of the stock is owned by institutional investors.

About AMC Entertainment

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.