It is currently trading at $13.90 which is marginally under $14.82, the stock’s 50 day moving average and which is quite a bit below the 200 day moving average of $20.01. The 50 day moving average was down $-0.92 or -6.20% whereas the 200 day moving average was down $-6.11 or -30.54%. Trading was heavy with 2,300K shares changing hands on Tuesday. Volume was up 3.41% over the stocks average daily volume.
Traders are a little more bullish on shares of the company lately considering the change in short interest. The stock experienced a fall in short interest of -2.41% between September 29, 2017 and October 13, 2017. Short interest fell 495,587 over that period. With short interest at 20,088,905 and short average daily volume at 2,380,057, days to cover is 8.0 and the short interest percentage is 0.15% as of October 13.
These funds have shifted positions in (AMC). Mutual Of America Capital Management LLC added to its stake by buying 38,500 shares an increase of 28.5% as of 09/30/2017. Mutual Of America Capital Management LLC owns 173,750 shares valued at $2,554,000. The total value of its holdings decreased 17.0%. Cedar Wealth Management, LLC augmented its position by buying 720 shares an increase of 521.7% from 06/30/2017 to 09/30/2017. Cedar Wealth Management, LLC now controls 858 shares worth $13,000. The value of the position overall is up by 333.3%.
As of the end of the quarter Nationwide Fund Advisors had sold 776 shares trimming its holdings by 1.9%. The value of the investment in (AMC) went from $906,000 to $574,000 a change of 36.6% quarter over quarter. K.j. Harrison & Partners Inc trimmed its investment by selling 135,090 shares a decrease of 48.1%. K.j. Harrison & Partners Inc controls 145,540 shares with a value of $2,139,000. The value of the position overall is down by 66.5%.
On July 18 Credit Suisse maintained a stock rating of “Underperform” but moved down the price target from $34.00 to $17.00. On July 19 the company was set at “Equal-Weight” in a report from Barclays which was a cut from the previous “Overweight” rating.
On July 21, 2017 William Blair initiated coverage on the stock with a rating of “Equal-Weight”. On August 3, 2017 the stock rating was changed to “Hold” by Benchmark a cut from the previous “Buy” rating.
September 28 investment analysts at Credit Suisse left the stock rating at “Underperform” but lowered the price expectation to $12.00 from $17.00. October 18 investment analysts at B. Riley made no change to the company rating of “Buy” and lowered the price target from $34.00 to $30.50.
The company is now unchanged from yesterday’s close of $13.90. AMC Entertainment Holdings, Inc recently declared a dividend that was paid on Mon Sep 25, 2017. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. This dividend amount was represent a yield of $5.42. The ex-dividend date was Friday the 8th of September 2017.
As of the last earnings report the EPS was $-0.96 and is estimated to be $-1.12 for the current year with 130,792,000 shares presently outstanding. Next quarter’s EPS is expected be $0.52 and the next full year EPS is anticipated to be $0.44.
AMC Entertainment Holdings, Inc., launched on June 6, 2007, is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc. (AMCE), American Multi-Cinema, Inc. (OpCo) and its subsidiaries, is involved in the theatrical exhibition business. The Company operates through theatrical exhibition operations segment. The Company operates over 900 theatres with approximately 10,000 screens globally, including over 661 theatres with approximately 8,200 screens in the United States and over 244 theatres with approximately 2,200 screens in Europe. Its subsidiary also includes Carmike Cinemas, Inc..