AMC Entertainment (NYSE:AMC) Stock Passes Below 200 Day Moving Average - Here's Why

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) 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 traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. B. Riley decreased their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. 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. Finally, StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $5.44.

AMC Entertainment Trading Down 0.8 %

The company has a market cap of $1.17 billion, a price-to-earnings ratio of -1.93 and a beta of 1.92. The stock has a 50 day moving average price of $4.05 and a two-hundred day moving average price of $4.46.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.09) EPS. On average, equities analysts forecast that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

Institutional investors have recently made changes to their positions in the business. Amalgamated Bank increased its position in shares of AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after purchasing an additional 2,771 shares during the last quarter. Private Advisor Group LLC lifted its stake in AMC Entertainment by 27.5% in the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock valued at $68,000 after acquiring an additional 3,237 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of AMC Entertainment by 20.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,711 shares of the company's stock valued at $208,000 after acquiring an additional 7,661 shares during the period. Waldron Private Wealth LLC increased its stake in shares of AMC Entertainment by 47.5% during the 3rd quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company's stock worth $115,000 after purchasing an additional 8,102 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of AMC Entertainment in the 3rd quarter valued at about $37,000. Institutional investors 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.