AMC Entertainment (NYSE:AMC) Stock Price Down 6.6% - Time to Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report)'s share price dropped 6.6% during mid-day trading on Tuesday . The company traded as low as $3.25 and last traded at $3.28. Approximately 15,525,908 shares were traded during trading, an increase of 38% from the average daily volume of 11,274,383 shares. The stock had previously closed at $3.51.

Analysts Set New Price Targets

Several research firms have recently commented on AMC. Macquarie reaffirmed an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Finally, B. Riley decreased their target price on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $5.44.

AMC Entertainment Price Performance

The stock's 50-day simple moving average is $4.30 and its two-hundred day simple moving average is $4.62. The firm has a market capitalization of $1.35 billion, a P/E ratio of -2.24 and a beta of 1.92.

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

Institutional Trading of AMC Entertainment

Several institutional investors have recently made changes to their positions in AMC. Amalgamated Bank lifted its holdings in AMC Entertainment by 31.5% in 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 in the last quarter. Private Advisor Group LLC raised its position in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock valued at $68,000 after buying an additional 3,237 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of AMC Entertainment by 10.3% in the second quarter. Victory Capital Management Inc. now owns 38,050 shares of the company's stock worth $189,000 after buying an additional 3,553 shares in the last quarter. Waldron Private Wealth LLC boosted its position in shares of AMC Entertainment by 47.5% during the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company's stock worth $115,000 after acquiring an additional 8,102 shares during the last quarter. Finally, KBC Group NV purchased a new position in AMC Entertainment during the third quarter valued at $37,000. 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.

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