Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) fell 11.3% during mid-day trading on Thursday . The company traded as low as $4.80 and last traded at $4.86. 56,449,588 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 31,868,139 shares. The stock had previously closed at $5.48.
Analyst Ratings Changes
A number of analysts have recently weighed in on AMC shares. Wedbush lowered their target price on AMC Entertainment from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, May 9th. Citigroup upped their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a "sell" rating in a research report on Tuesday. Finally, B. Riley lowered their target price 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. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $5.54.
Read Our Latest Research Report on AMC
AMC Entertainment Price Performance
The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -3.65 and a beta of 1.69. The firm's fifty day moving average price is $3.62 and its 200-day moving average price is $5.17.
AMC Entertainment (NYSE:AMC - Get Free Report) last issued 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts predict that AMC Entertainment Holdings, Inc. will post -0.7 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of AMC Entertainment in the 4th quarter worth about $34,000. Mayflower Financial Advisors LLC purchased a new stake in shares of AMC Entertainment in the first quarter worth approximately $37,000. Powell Investment Advisors LLC bought a new position in AMC Entertainment during the 1st quarter valued at $55,000. Tower Research Capital LLC TRC boosted its holdings in AMC Entertainment by 817.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company's stock worth $61,000 after acquiring an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC purchased a new stake in shares of AMC Entertainment in the fourth quarter valued at about $71,000. 28.80% of the stock is owned by institutional investors and hedge funds.
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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