AMC Entertainment (NYSE:AMC) Trading Down 3.8% - Time to Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) shares fell 3.8% on Monday . The company traded as low as $3.98 and last traded at $4.02. 4,209,335 shares were traded during trading, a decline of 83% from the average session volume of 25,286,447 shares. The stock had previously closed at $4.18.

Wall Street Analyst Weigh In

AMC has been the subject of several analyst reports. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a report on Tuesday, November 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, Macquarie reissued an "underperform" rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $5.44.

AMC Entertainment Price Performance

The firm has a market capitalization of $1.52 billion, a PE ratio of -2.52 and a beta of 1.85. The stock's 50-day moving average price is $4.47 and its 200 day moving average price is $4.77.

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

Institutional Trading of AMC Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of AMC. Amalgamated Bank boosted its position in AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after acquiring an additional 2,771 shares during the last quarter. Private Advisor Group LLC boosted its position in AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock worth $68,000 after acquiring an additional 3,237 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in AMC Entertainment by 10.3% in the 2nd quarter. Victory Capital Management Inc. now owns 38,050 shares of the company's stock valued at $189,000 after purchasing an additional 3,553 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in AMC Entertainment by 47.0% in the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company's stock valued at $85,000 after purchasing an additional 5,459 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in AMC Entertainment by 14.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company's stock valued at $230,000 after purchasing an additional 5,902 shares during the last quarter. 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.