AMC Entertainment (NYSE:AMC) Trading Down 4% - Time to Sell?

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

Analyst Upgrades and Downgrades

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

AMC Entertainment Trading Down 4.3%

The stock's 50-day moving average price is $2.98 and its 200-day moving average price is $3.38. The company has a market capitalization of $1.36 billion, a P/E ratio of -1.96 and a beta of 1.50.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.03. The business had revenue of $862.50 million during the quarter, compared to analyst estimates of $983.23 million. During the same period in the prior year, the firm earned ($0.62) EPS. The business's revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Several large investors have recently made changes to their positions in the company. Legacy Financial Strategies LLC acquired a new position in AMC Entertainment during the 1st quarter worth about $29,000. Ground Swell Capital LLC bought a new position in shares of AMC Entertainment during the 1st quarter worth approximately $30,000. Sterling Capital Management LLC boosted its holdings in shares of AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock valued at $43,000 after buying an additional 9,679 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in AMC Entertainment during the 1st quarter valued at $36,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of AMC Entertainment by 68.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock worth $63,000 after buying an additional 6,473 shares in the last quarter. Institutional investors own 28.80% of the company's stock.

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.