AMC Entertainment (NYSE:AMC) Stock Price Up 3.1%

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) were up 3.1% on Friday . The stock traded as high as $3.03 and last traded at $3.01. Approximately 2,030,237 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 15,129,838 shares. The stock had previously closed at $2.92.

Analysts Set New Price Targets

AMC has been the topic of several recent analyst reports. Wedbush dropped their price objective on AMC Entertainment from $6.00 to $4.00 and set a "neutral" rating on the stock in a research report on Thursday. B. Riley reduced their price target 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 research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $5.95.

AMC Entertainment Price Performance

The company has a market cap of $831.96 million, a P/E ratio of -1.34 and a beta of 1.62. The firm's 50-day moving average is $3.99 and its two-hundred day moving average is $5.94.

AMC Entertainment (NYSE:AMC - Get Free Report) last released 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. As a group, sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -1.7 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of AMC Entertainment by 48.3% in the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company's stock valued at $123,548,000 after buying an additional 6,577,228 shares during the period. Invesco Ltd. grew its position in AMC Entertainment by 418.4% in the first quarter. Invesco Ltd. now owns 2,635,266 shares of the company's stock worth $64,934,000 after acquiring an additional 2,126,916 shares during the period. Norges Bank acquired a new stake in AMC Entertainment during the fourth quarter worth $12,605,000. Marshall Wace LLP purchased a new position in shares of AMC Entertainment in the second quarter valued at approximately $6,406,000. Finally, SG Americas Securities LLC increased its holdings in AMC Entertainment by 3,234.8% during the 3rd quarter. SG Americas Securities LLC now owns 1,274,309 shares of the company's stock worth $10,182,000 after purchasing an additional 1,236,097 shares during the period. 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.