AMC Entertainment (NYSE:AMC) Reaches New 1-Year Low at $2.38

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $2.38 and last traded at $2.48, with a volume of 2346685 shares trading hands. The stock had previously closed at $2.47.

Wall Street Analysts Forecast Growth

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

AMC Entertainment Stock Performance

The company has a market capitalization of $716.12 million, a price-to-earnings ratio of -1.16 and a beta of 1.62. The company's fifty day simple moving average is $4.06 and its two-hundred day simple moving average is $6.02.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMC. Covestor Ltd boosted its holdings in shares of AMC Entertainment by 417.6% in the 1st quarter. Covestor Ltd now owns 1,061 shares of the company's stock valued at $26,000 after buying an additional 856 shares during the period. KBC Group NV acquired a new position in shares of AMC Entertainment in the 4th quarter valued at about $30,000. Russell Investments Group Ltd. acquired a new position in shares of AMC Entertainment in the 4th quarter valued at about $34,000. FNY Investment Advisers LLC boosted its holdings in shares of AMC Entertainment by 1,160.9% in the 3rd quarter. FNY Investment Advisers LLC now owns 5,400 shares of the company's stock valued at $43,000 after buying an additional 5,909 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of AMC Entertainment by 44.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,240 shares of the company's stock valued at $46,000 after buying an additional 3,448 shares during the period. 28.80% of the stock is owned by institutional investors and hedge funds.

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.