AMC Entertainment (NYSE:AMC) Shares Down 0.6%

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) traded down 0.6% during trading on Wednesday . The stock traded as low as $4.71 and last traded at $4.86. 18,998,003 shares traded hands during trading, a decline of 67% from the average session volume of 58,022,792 shares. The stock had previously closed at $4.89.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wedbush decreased their price target on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, May 9th. B. Riley reduced their target price on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Finally, Citigroup lifted their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research note on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, AMC Entertainment presently has an average rating of “Reduce” and a consensus price target of $5.54.

Check Out Our Latest Report on AMC Entertainment

AMC Entertainment Stock Down 0.6 %

The stock’s 50-day moving average is $4.08 and its 200-day moving average is $4.56. The firm has a market cap of $1.44 billion, a P/E ratio of -3.83 and a beta of 1.70.

AMC Entertainment (NYSE:AMCGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $951.40 million for the quarter, compared to analyst estimates of $951.40 million. As a group, analysts expect that AMC Entertainment Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in AMC Entertainment in the 4th quarter valued at $34,000. Mayflower Financial Advisors LLC bought a new stake in AMC Entertainment in the 1st quarter valued at $37,000. Powell Investment Advisors LLC bought a new stake in AMC Entertainment in the 1st quarter valued at $55,000. Tower Research Capital LLC TRC increased its holdings in AMC Entertainment by 817.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after buying an additional 8,861 shares during the period. Finally, Eudaimonia Partners LLC bought a new stake in AMC Entertainment in the 4th quarter valued at $71,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

(Get Free Report)

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.

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