AMC Entertainment (NYSE:AMC) Trading Down 2.2%

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price traded down 2.2% during mid-day trading on Wednesday . The company traded as low as $4.43 and last traded at $4.43. 4,013,038 shares were traded during mid-day trading, a decline of 89% from the average session volume of 37,366,137 shares. The stock had previously closed at $4.53.

Analysts Set New Price Targets

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

AMC Entertainment Stock Performance

The firm’s 50-day moving average price is $4.34 and its two-hundred day moving average price is $4.48. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -3.76 and a beta of 1.70.

AMC Entertainment (NYSE:AMC) last posted its 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 business had revenue of $951.40 million for the quarter, compared to the consensus estimate of $951.40 million. As a group, sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in AMC Entertainment during the fourth quarter worth $34,000. Mayflower Financial Advisors LLC purchased a new position in shares of AMC Entertainment during the 1st quarter worth $37,000. Powell Investment Advisors LLC acquired a new stake in shares of AMC Entertainment during the 1st quarter worth about $55,000. Tower Research Capital LLC TRC raised 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 purchased a new stake in AMC Entertainment in the 4th quarter valued at about $71,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.