AMC Entertainment (NYSE:AMC) Shares Gap Up - Should You Buy?

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $3.24, but opened at $3.47. AMC Entertainment shares last traded at $3.54, with a volume of 7,595,949 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a research note on Tuesday, February 4th. Roth Mkm lowered their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Macquarie restated a "neutral" rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. 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 price objective for the company. Finally, Wall Street Zen raised shares of AMC Entertainment to a "sell" rating in a report on Saturday, February 22nd. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $4.22.

AMC Entertainment Stock Up 4.2%

The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -2.23 and a beta of 1.41. The company's fifty day moving average is $2.86 and its two-hundred day moving average is $3.47.

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, 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 quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.62) earnings per share. Sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position in AMC Entertainment by 15.7% during the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company's stock worth $114,000 after purchasing an additional 3,885 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in AMC Entertainment by 24.3% in the first quarter. Mackenzie Financial Corp now owns 22,517 shares of the company's stock worth $65,000 after purchasing an additional 4,400 shares during the period. Avantax Advisory Services Inc. boosted its holdings in AMC Entertainment by 5.5% in the first quarter. Avantax Advisory Services Inc. now owns 87,655 shares of the company's stock worth $252,000 after purchasing an additional 4,551 shares during the period. Victory Capital Management Inc. increased its position in AMC Entertainment by 10.1% in the first quarter. Victory Capital Management Inc. now owns 51,805 shares of the company's stock worth $149,000 after buying an additional 4,756 shares during the period. Finally, Xponance Inc. increased its position in AMC Entertainment by 21.8% in the first quarter. Xponance Inc. now owns 30,383 shares of the company's stock worth $87,000 after buying an additional 5,446 shares during the period. Institutional investors and hedge funds 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.