AMC Entertainment (NYSE:AMC) Sets New 52-Week Low at $2.77

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $2.77 and last traded at $2.80, with a volume of 4903441 shares changing hands. The stock had previously closed at $2.97.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMC. Wedbush reiterated a "neutral" rating and issued a $6.00 price target on shares of AMC Entertainment in a research report on Friday, February 23rd. B. Riley lowered their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a "neutral" rating for the company in a research note on Thursday, February 29th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, AMC Entertainment has an average rating of "Reduce" and a consensus target price of $6.35.

AMC Entertainment Stock Performance

The business's 50 day moving average is $4.14 and its 200 day moving average is $6.15. The stock has a market cap of $747.72 million, a price-to-earnings ratio of -1.21 and a beta of 1.62.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Research analysts expect that AMC Entertainment Holdings, Inc. will post -1.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in AMC Entertainment by 17.5% during the 1st quarter. American Century Companies Inc. now owns 20,312 shares of the company's stock valued at $500,000 after purchasing an additional 3,020 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in AMC Entertainment by 49.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 44,525 shares of the company's stock valued at $1,097,000 after purchasing an additional 14,732 shares during the period. Panagora Asset Management Inc. boosted its stake in AMC Entertainment by 141.2% during the 1st quarter. Panagora Asset Management Inc. now owns 50,244 shares of the company's stock valued at $1,238,000 after purchasing an additional 29,413 shares during the period. Cibc World Market Inc. bought a new stake in shares of AMC Entertainment in the 1st quarter worth approximately $321,000. Finally, Prudential PLC bought a new stake in shares of AMC Entertainment in the 1st quarter worth approximately $275,000. Institutional investors and hedge funds 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.