AMC Entertainment (NYSE:AMC) Trading Down 5.3%

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price fell 5.3% on Wednesday . The stock traded as low as $3.20 and last traded at $3.21. 10,299,141 shares were traded during trading, a decline of 34% from the average session volume of 15,571,496 shares. The stock had previously closed at $3.39.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMC. Wedbush dropped their target price on shares of AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. B. Riley dropped 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 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 company has a consensus rating of “Reduce” and a consensus target price of $5.95.

AMC Entertainment Price Performance

The business’s 50-day moving average price is $3.86 and its two-hundred day moving average price is $5.77. The firm has a market cap of $897.78 million, a price-to-earnings ratio of -1.45 and a beta of 1.62.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. As a group, sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -1.61 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors have recently bought and sold shares of AMC. Vanguard Group Inc. grew its stake in 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 during the period. Norges Bank purchased a new stake in AMC Entertainment during the fourth quarter worth approximately $12,605,000. Quadrature Capital Ltd grew its stake in AMC Entertainment by 374.1% during the fourth quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock worth $5,003,000 after buying an additional 645,541 shares during the period. Qube Research & Technologies Ltd grew its stake in AMC Entertainment by 935.5% during the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock worth $6,506,000 after buying an additional 735,666 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in AMC Entertainment during the third quarter worth approximately $5,582,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Company Profile

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.