AMC Entertainment (NYSE:AMC) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMC. Macquarie reiterated an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Roth Mkm upgraded AMC Entertainment from a "sell" rating to a "neutral" rating and dropped their target price for the company from $4.00 to $3.25 in a research note on Tuesday. B. Riley reduced their price target on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a research note on Tuesday, November 12th. Finally, Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $5.08.

AMC Entertainment Stock Performance

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -1.95 and a beta of 1.88. The stock has a 50-day moving average of $3.98 and a 200-day moving average of $4.43.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV acquired a new position in shares of AMC Entertainment during the 3rd quarter worth about $37,000. Creative Planning acquired a new position in AMC Entertainment during the third quarter worth approximately $48,000. Amalgamated Bank boosted its stake in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after acquiring an additional 2,771 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in AMC Entertainment during the 3rd quarter valued at about $55,000. Finally, Traphagen Investment Advisors LLC acquired a new position in shares of AMC Entertainment in the fourth quarter worth about $64,000. Hedge funds and other 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.