AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 11,177,439 shares traded hands during mid-day trading, a decline of 26% from the previous session's volume of 15,079,394 shares.The stock last traded at $3.57 and had previously closed at $4.01.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on AMC shares. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a research note on Tuesday, February 4th. Wall Street Zen raised shares of AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Macquarie restated a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. Finally, B. Riley started coverage on AMC Entertainment in a report on Friday, May 16th. They issued a "neutral" rating and a $3.00 price target for the company. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, AMC Entertainment presently has an average rating of "Hold" and a consensus target price of $4.26.
View Our Latest Research Report on AMC Entertainment
AMC Entertainment Price Performance
The company has a market cap of $1.54 billion, a price-to-earnings ratio of -2.21 and a beta of 1.41. The firm has a 50 day simple moving average of $2.88 and a 200-day simple moving average of $3.44.
AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.03. The company had revenue of $862.50 million during the quarter, compared to analysts' expectations of $983.23 million. During the same quarter last year, the firm posted ($0.62) earnings per share. The firm's quarterly revenue was down 9.3% on a year-over-year basis. Research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.
Institutional Trading of AMC Entertainment
Several institutional investors have recently added to or reduced their stakes in AMC. Rhumbline Advisers grew its position in AMC Entertainment by 5.5% in the 1st quarter. Rhumbline Advisers now owns 539,188 shares of the company's stock valued at $1,547,000 after acquiring an additional 28,017 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in AMC Entertainment by 30.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company's stock worth $2,038,000 after buying an additional 164,740 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AMC Entertainment by 21.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company's stock worth $690,000 after buying an additional 41,860 shares in the last quarter. Covalent Partners LLC boosted its position in AMC Entertainment by 58.3% in the 1st quarter. Covalent Partners LLC now owns 95,000 shares of the company's stock valued at $273,000 after buying an additional 35,000 shares during the period. Finally, Graham Capital Management L.P. grew its stake in shares of AMC Entertainment by 272.7% in the first quarter. Graham Capital Management L.P. now owns 625,783 shares of the company's stock worth $1,796,000 after acquiring an additional 457,856 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company's stock.
AMC Entertainment Company Profile
(
Get Free Report)
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.
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