AMC Entertainment (NYSE:AMC) Trading Down 4.4% - Here's Why

Key Points

• AMC Entertainment's stock fell 4.4% to $2.93, with trading volume slightly above average at 11.45 million shares.
• Analysts have issued mixed ratings on AMC, with a consensus rating of "Reduce" and an average price target of $3.33, while institutional ownership stands at 28.80% of the company's shares.
• Citigroup and Weiss Ratings both maintained "sell" ratings, whereas Wall Street Zen upgraded AMC to "hold" and Wedbush rated it "outperform" with a price target increase to $4.00.

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) fell 4.4% on Monday . The company traded as low as $2.93 and last traded at $2.93. 11,453,293 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 11,158,629 shares. The stock had previously closed at $3.06.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMC shares. Citigroup increased their target price on AMC Entertainment from $2.60 to $2.70 and gave the stock a "sell" rating in a report on Tuesday, August 19th. Weiss Ratings restated a "sell (e+)" rating on shares of AMC Entertainment in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of AMC Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Wedbush upgraded shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $3.00 to $4.00 in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $3.33.

AMC Entertainment Stock Down 5.2%

The business's fifty day moving average is $2.89 and its two-hundred day moving average is $2.97. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -3.26 and a beta of 1.25.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Total Investment Management Inc. bought a new stake in AMC Entertainment in the second quarter valued at about $27,000. Pitcairn Co. acquired a new position in shares of AMC Entertainment in the 2nd quarter valued at $34,000. Headlands Technologies LLC bought a new stake in shares of AMC Entertainment in the 2nd quarter valued at $447,000. Tower Research Capital LLC TRC raised its stake in AMC Entertainment by 245.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 43,740 shares of the company's stock worth $136,000 after buying an additional 31,096 shares during the period. Finally, Man Group plc acquired a new position in shares of AMC Entertainment in the 2nd quarter valued at approximately $1,800,000. 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.

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