AMC Entertainment (NYSE:AMC) Shares Down 6.1% - What's Next?

Key Points

• Shares fell 6.1% to $1.625 mid-day on heavy but below-average trading (~25.45M shares, 36% under the daily average), leaving AMC well under its 50‑day ($2.04) and 200‑day ($2.61) moving averages and with a market cap of about $828M.
• Analysts have turned more bearish — consensus rating is "Reduce" with an average price target of $3.09 and recent downgrades from firms like Zacks, Citigroup and Wall Street Zen (ratings split: 1 Buy, 6 Hold, 2 Sell).
• Q3 results showed an EPS miss (‑$0.21 vs. est. ‑$0.18) despite revenue beating at $1.30B (down 3.6% YoY), and analysts expect AMC to post roughly ‑1.38 EPS for the current year.

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report)'s stock price dropped 6.1% during mid-day trading on Tuesday . The company traded as low as $1.62 and last traded at $1.6250. Approximately 25,445,300 shares were traded during trading, a decline of 36% from the average daily volume of 39,507,633 shares. The stock had previously closed at $1.73.

Analysts Set New Price Targets

AMC has been the topic of several recent research reports. Zacks Research downgraded shares of AMC Entertainment from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 7th. Citigroup reiterated a "sell" rating and set a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a research note on Monday. Weiss Ratings restated a "sell (e+)" rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered AMC Entertainment from a "hold" rating to a "strong sell" rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $3.09.

AMC Entertainment Stock Performance

The firm's 50 day moving average is $2.04 and its 200-day moving average is $2.61. The firm has a market cap of $828.40 million, a price-to-earnings ratio of -1.15 and a beta of 0.72.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. The company's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) EPS. As a group, research analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG boosted its holdings in AMC Entertainment by 4,537.9% in the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company's stock valued at $67,265,000 after purchasing an additional 22,694,842 shares during the period. Marshall Wace LLP lifted its stake in shares of AMC Entertainment by 17,925.0% in the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company's stock valued at $37,195,000 after buying an additional 11,931,950 shares during the period. Vanguard Group Inc. lifted its stake in shares of AMC Entertainment by 13.1% in the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company's stock valued at $145,346,000 after buying an additional 5,793,996 shares during the period. Jump Financial LLC acquired a new stake in AMC Entertainment during the third quarter worth about $4,827,000. Finally, Geode Capital Management LLC increased its stake in AMC Entertainment by 10.6% during the second quarter. Geode Capital Management LLC now owns 10,253,501 shares of the company's stock valued at $31,790,000 after acquiring an additional 982,532 shares during the period. Institutional investors own 28.80% of the company's stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company's core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark's RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.