AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $2.91, but opened at $3.52. AMC Entertainment shares last traded at $3.35, with a volume of 76,100,548 shares.
Analyst Ratings Changes
Several equities analysts have recently issued reports on AMC shares. Wedbush decreased their target price on AMC Entertainment from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Thursday. 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 report on Thursday, February 29th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $5.85.
Read Our Latest Stock Analysis on AMC
AMC Entertainment Price Performance
The stock has a 50-day moving average price of $3.55 and a 200-day moving average price of $5.18. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -4.12 and a beta of 1.69.
AMC Entertainment (NYSE:AMC - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported ($0.54) EPS 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 the consensus estimate of $1.06 billion. Equities analysts forecast that AMC Entertainment Holdings, Inc. will post -0.7 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of AMC Entertainment by 48.3% during the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company's stock worth $123,548,000 after buying an additional 6,577,228 shares in the last quarter. Norges Bank acquired a new position in shares of AMC Entertainment during the fourth quarter worth $12,605,000. Adage Capital Partners GP L.L.C. grew its stake in shares of AMC Entertainment by 103.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 42,150 shares of the company's stock worth $337,000 after purchasing an additional 1,178,950 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in AMC Entertainment by 935.5% in the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company's stock valued at $6,506,000 after purchasing an additional 735,666 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in AMC Entertainment during the 3rd quarter worth $5,582,000. Institutional investors and hedge funds own 28.80% of the company's stock.
About AMC Entertainment
(
Get Free Report)
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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