AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 11,177,439 shares changed hands during 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.
Analyst Upgrades and Downgrades
AMC has been the subject of several recent research reports. Macquarie reissued a "neutral" rating and set a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, February 26th. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. B. Riley assumed coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They issued a "neutral" rating and a $3.00 target price on the stock. Citigroup reiterated a "sell" rating and issued a $2.30 target price (down previously from $2.80) on shares of AMC Entertainment in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, AMC Entertainment currently has an average rating of "Hold" and a consensus price target of $4.22.
Check Out Our Latest Report on AMC Entertainment
AMC Entertainment Stock Down 11.5%
The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -2.19 and a beta of 1.41. The business's 50-day moving average is $2.86 and its two-hundred day moving average is $3.47.
AMC Entertainment (NYSE:AMC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.03. The firm had revenue of $862.50 million during the quarter, compared to analyst estimates of $983.23 million. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.62) earnings per share. As a group, analysts forecast that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.
Hedge Funds Weigh In On AMC Entertainment
Institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG raised its stake in shares of AMC Entertainment by 51.3% in the 4th quarter. Deutsche Bank AG now owns 282,815 shares of the company's stock valued at $1,126,000 after acquiring an additional 95,834 shares during the period. Vanguard Group Inc. boosted its holdings in shares of AMC Entertainment by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock valued at $146,681,000 after buying an additional 1,558,554 shares in the last quarter. Northern Trust Corp boosted its stake in AMC Entertainment by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company's stock worth $13,207,000 after purchasing an additional 370,408 shares during the period. KBC Group NV raised its position in AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company's stock worth $2,580,000 after buying an additional 639,907 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in AMC Entertainment during the 4th quarter worth $289,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.
About AMC Entertainment
(
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.
Further Reading
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