AMC Entertainment (NYSE:AMC) Trading Down 3.8% – What’s Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price fell 3.8% during trading on Monday . The stock traded as low as $3.98 and last traded at $4.02. 4,209,335 shares were traded during trading, a decline of 83% from the average session volume of 25,286,447 shares. The stock had previously closed at $4.18.

Analysts Set New Price Targets

Several research firms recently issued reports on AMC. B. Riley cut their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Macquarie restated an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Stock Performance

The business’s 50 day moving average is $4.47 and its 200-day moving average is $4.76. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -2.64 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) EPS. Sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

Large investors have recently made changes to their positions in the company. KBC Group NV acquired a new stake in AMC Entertainment during the 3rd quarter worth $37,000. Creative Planning purchased a new position in shares of AMC Entertainment in the third quarter worth about $48,000. Skylands Capital LLC acquired a new position in AMC Entertainment during the second quarter worth about $50,000. Amalgamated Bank grew its stake in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after acquiring an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment during the third quarter worth approximately $55,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

About AMC Entertainment

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.