AMC Entertainment (NYSE:AMC) Trading Up 4%

AMC Entertainment Holdings, Inc. (NYSE:AMC) was up 4% during mid-day trading on Tuesday . The stock traded as high as $5.34 and last traded at $5.24. Approximately 10,861,112 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 37,043,273 shares. The stock had previously closed at $5.04.

Analysts Set New Price Targets

A number of brokerages have commented on AMC. Citigroup lifted 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. Wedbush cut their price objective 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. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $5.54.

AMC Entertainment Stock Performance

The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -4.19 and a beta of 1.84. The firm’s 50-day moving average price is $4.41 and its two-hundred day moving average price is $4.42.

AMC Entertainment (NYSE:AMC) last issued its quarterly 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 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.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently bought and sold shares of AMC. Russell Investments Group Ltd. purchased a new stake in shares of AMC Entertainment in the fourth quarter valued at approximately $34,000. Mayflower Financial Advisors LLC purchased a new position in shares of AMC Entertainment in the first quarter valued at $37,000. Powell Investment Advisors LLC acquired a new position in shares of AMC Entertainment during the 1st quarter worth $55,000. Tower Research Capital LLC TRC grew its stake 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 acquiring an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC purchased a new position in AMC Entertainment during the 4th quarter valued at about $71,000. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Company Profile

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.