AMC Entertainment (NYSE:AMC) Stock Passes Below 200-Day Moving Average - Time to Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.47 and traded as low as $3.08. AMC Entertainment shares last traded at $3.12, with a volume of 8,548,084 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMC. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Macquarie reissued an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, B. Riley dropped their price target on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, AMC Entertainment currently has a consensus rating of "Reduce" and an average price target of $5.44.

AMC Entertainment Price Performance

The stock has a 50 day moving average price of $4.05 and a 200-day moving average price of $4.47. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.93 and a beta of 1.92.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm earned ($0.09) earnings per share. The business's revenue was down 4.1% on a year-over-year basis. As a group, research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its position in AMC Entertainment by 76.6% in the second quarter. Hsbc Holdings PLC now owns 33,042 shares of the company's stock valued at $164,000 after purchasing an additional 14,334 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of AMC Entertainment by 246.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 150,743 shares of the company's stock valued at $751,000 after buying an additional 107,289 shares during the period. Algert Global LLC purchased a new stake in shares of AMC Entertainment in the 2nd quarter valued at $132,000. Prosperity Planning Inc. purchased a new stake in shares of AMC Entertainment in the 3rd quarter valued at $195,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of AMC Entertainment in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 28.80% of the company's stock.

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.