AMC Entertainment (NYSE:AMC) Shares Down 4% - Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) traded down 4% on Thursday . The company traded as low as $3.14 and last traded at $3.16. 2,164,728 shares were traded during trading, a decline of 83% from the average session volume of 12,370,113 shares. The stock had previously closed at $3.29.

Analysts Set New Price Targets

Several equities analysts have commented on AMC shares. B. Riley assumed coverage on shares of AMC Entertainment in a research note on Friday, May 16th. They set a "neutral" rating and a $3.00 target price on the stock. Macquarie reiterated a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, February 26th. Wall Street Zen upgraded shares of AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Benchmark restated a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. Finally, Citigroup reaffirmed a "sell" rating and set a $2.60 target price (up from $2.30) on shares of AMC Entertainment in a report on Thursday, May 29th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $4.26.

AMC Entertainment Stock Performance

The firm has a 50 day moving average of $2.99 and a 200-day moving average of $3.34. The stock has a market capitalization of $1.36 billion, a PE ratio of -1.96 and a beta of 1.50.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.03. The company had revenue of $862.50 million during the quarter, compared to analyst estimates of $983.23 million. The company's revenue was down 9.3% compared to the same quarter last year. During the same period last year, the company posted ($0.62) earnings per share. On average, sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in AMC Entertainment by 16.2% in the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company's stock valued at $122,882,000 after acquiring an additional 5,961,337 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of AMC Entertainment by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company's stock valued at $32,927,000 after purchasing an additional 223,877 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of AMC Entertainment by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,074,378 shares of the company's stock valued at $11,693,000 after purchasing an additional 41,859 shares during the last quarter. Northern Trust Corp boosted its holdings in AMC Entertainment by 6.7% in the first quarter. Northern Trust Corp now owns 3,540,656 shares of the company's stock worth $10,162,000 after purchasing an additional 222,375 shares in the last quarter. Finally, Marshall Wace LLP increased its position in AMC Entertainment by 85.4% during the fourth quarter. Marshall Wace LLP now owns 2,801,788 shares of the company's stock worth $11,151,000 after buying an additional 1,290,376 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.