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

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. B. Riley decreased their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company 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, Macquarie reaffirmed an "underperform" rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat.com, AMC Entertainment has an average rating of "Reduce" and an average target price of $5.44.

AMC Entertainment Stock Performance

The business's 50-day moving average price is $4.33 and its 200 day moving average price is $4.63. The company has a market cap of $1.22 billion, a P/E ratio of -2.01 and a beta of 1.92.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates 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 last year, the business earned ($0.09) EPS. The business's revenue was down 4.1% on a year-over-year basis. Equities research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of AMC Entertainment by 431.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,182,049 shares of the company's stock worth $5,378,000 after buying an additional 959,642 shares during the period. Franklin Resources Inc. acquired a new stake in AMC Entertainment in the 3rd quarter worth about $788,000. Sanctuary Advisors LLC acquired a new stake in AMC Entertainment in the 3rd quarter worth about $72,000. Virtu Financial LLC acquired a new stake in AMC Entertainment in the 3rd quarter worth about $893,000. Finally, Geode Capital Management LLC raised its stake in AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock worth $36,622,000 after purchasing an additional 866,757 shares in the last quarter. 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.