AMC Entertainment (NYSE:AMC) Trading Down 0.4%

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) dropped 0.4% on Monday . The stock traded as low as $4.44 and last traded at $4.53. Approximately 5,100,990 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 37,716,152 shares. The stock had previously closed at $4.55.

Analyst Upgrades and Downgrades

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

AMC Entertainment Trading Up 3.3 %

The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -3.65 and a beta of 1.70. The company has a 50 day moving average of $4.27 and a 200 day moving average of $4.48.

AMC Entertainment (NYSE:AMC) last released 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 business had revenue of $951.40 million during the quarter, compared to analysts’ expectations of $951.40 million. Equities analysts forecast that AMC Entertainment Holdings, Inc. will post -0.84 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of AMC. Qube Research & Technologies Ltd lifted its stake 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 purchasing an additional 735,666 shares during the last quarter. Swiss National Bank lifted its stake in AMC Entertainment by 29.6% in the 4th quarter. Swiss National Bank now owns 390,891 shares of the company’s stock valued at $2,392,000 after purchasing an additional 89,200 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in AMC Entertainment by 31.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock valued at $168,000 after purchasing an additional 6,525 shares during the last quarter. Oak Thistle LLC acquired a new stake in AMC Entertainment in the 4th quarter valued at about $459,000. Finally, Avantax Advisory Services Inc. lifted its position in AMC Entertainment by 43.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company’s stock worth $102,000 after acquiring an additional 5,070 shares during the last quarter. 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.