AMC Entertainment (NYSE:AMC) Stock Price Down 2.2%

AMC Entertainment Holdings, Inc. (NYSE:AMC) traded down 2.2% during trading on Wednesday . The company traded as low as $4.43 and last traded at $4.43. 4,013,038 shares traded hands 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.

Analyst Upgrades and Downgrades

AMC has been the topic of a number of analyst reports. B. Riley reduced their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Wedbush decreased their price target on AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, May 9th. Finally, Citigroup lifted their price objective on AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research report on Tuesday, May 14th. Four 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 has an average rating of “Reduce” and a consensus target price of $5.54.

AMC Entertainment Stock Performance

The business has a 50 day moving average of $4.34 and a two-hundred day moving average of $4.48. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -3.76 and a beta of 1.70.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The business had revenue of $951.40 million for the quarter, compared to analyst estimates of $951.40 million. On average, equities analysts predict that AMC Entertainment Holdings, Inc. will post -0.84 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new position in shares of AMC Entertainment in the fourth quarter valued at approximately $34,000. Mayflower Financial Advisors LLC bought a new stake in shares of AMC Entertainment in the 1st quarter worth $37,000. Powell Investment Advisors LLC bought a new stake in shares of AMC Entertainment in the 1st quarter worth $55,000. Tower Research Capital LLC TRC raised its holdings in shares of AMC Entertainment by 817.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after purchasing an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC bought a new position in shares of AMC Entertainment during the fourth quarter valued at about $71,000. Institutional investors 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.