AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $5.20, but opened at $4.83. AMC Entertainment shares last traded at $4.79, with a volume of 14,612,982 shares.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. StockNews.com raised AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Macquarie reiterated an "underperform" rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Morgan Stanley decreased their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, August 12th. B. Riley dropped their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Finally, Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $5.44.
View Our Latest Stock Report on AMC
AMC Entertainment Trading Down 9.0 %
The company has a market cap of $1.78 billion, a P/E ratio of -2.94 and a beta of 1.85. The company's fifty day moving average is $4.48 and its 200 day moving average is $4.78.
AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. Analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.42 EPS for the current year.
Institutional Trading of AMC Entertainment
A number of institutional investors have recently made changes to their positions in AMC. Price T Rowe Associates Inc. MD raised its stake in shares of AMC Entertainment by 24.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company's stock valued at $245,000 after acquiring an additional 12,975 shares during the last quarter. SG Americas Securities LLC lifted its holdings in AMC Entertainment by 1,894.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company's stock worth $5,583,000 after buying an additional 1,064,805 shares during the period. Tyche Wealth Partners LLC bought a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $90,000. Bank of New York Mellon Corp grew its position in shares of AMC Entertainment by 92.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company's stock worth $5,411,000 after buying an additional 522,063 shares during the last quarter. Finally, Skylands Capital LLC purchased a new position in shares of AMC Entertainment during the second quarter valued at approximately $50,000. Hedge funds and other institutional investors 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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