AMC Entertainment (NYSE:AMC) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.47 and traded as low as $3.08. AMC Entertainment shares last traded at $3.12, with a volume of 8,548,084 shares changing hands.

Analyst Ratings Changes

Several equities analysts have commented on AMC shares. B. Riley decreased their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research note on Tuesday, November 12th. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. Macquarie reiterated an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and decreased their price objective for the stock from $4.00 to $3.25 in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.08.

AMC Entertainment Price Performance

The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -1.97 and a beta of 1.88. The company's 50 day moving average is $3.98 and its 200 day moving average is $4.43.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. Sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current year.

Institutional Trading of AMC Entertainment

A number of large investors have recently made changes to their positions in AMC. Charles Schwab Investment Management Inc. grew its position in shares of AMC Entertainment by 153.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock valued at $16,860,000 after purchasing an additional 2,243,052 shares during the period. Virtu Financial LLC acquired a new stake in AMC Entertainment in the 3rd quarter valued at $893,000. Geode Capital Management LLC raised its position in AMC Entertainment by 12.1% in the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock valued at $36,622,000 after purchasing an additional 866,757 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of AMC Entertainment during the third quarter worth about $72,000. Finally, Franklin Resources Inc. purchased a new stake in shares of AMC Entertainment in the third quarter worth about $788,000. Institutional investors and hedge funds 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.