AMC Entertainment (NYSE:AMC) Stock Price Up 1.4%

AMC Entertainment Holdings, Inc. (NYSE:AMC) traded up 1.4% during mid-day trading on Thursday . The stock traded as high as $4.95 and last traded at $4.93. 6,634,310 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 37,949,969 shares. The stock had previously closed at $4.86.

Analyst Upgrades and Downgrades

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

AMC Entertainment Price Performance

The company has a market capitalization of $1.34 billion, a PE ratio of -3.58 and a beta of 1.70. The firm’s fifty day simple moving average is $4.19 and its 200 day simple moving average is $4.54.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The company had revenue of $951.40 million for the quarter, compared to analysts’ expectations of $951.40 million. On average, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMC. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 48.3% during the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock worth $123,548,000 after purchasing an additional 6,577,228 shares during the last quarter. Norges Bank acquired a new stake in AMC Entertainment in the 4th quarter valued at about $12,605,000. Adage Capital Partners GP L.L.C. raised its holdings in AMC Entertainment by 103.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 42,150 shares of the company’s stock valued at $337,000 after acquiring an additional 1,178,950 shares during the last quarter. Boulder Hill Capital Management LP acquired a new stake in AMC Entertainment in the 1st quarter valued at about $2,842,000. Finally, Qube Research & Technologies Ltd raised its holdings in AMC Entertainment by 935.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock valued at $6,506,000 after acquiring an additional 735,666 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.