AMC Entertainment (NYSE:AMC) Shares Up 8.1%

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report)'s share price rose 8.1% on Monday . The stock traded as high as $5.46 and last traded at $5.46. Approximately 8,823,573 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 36,518,055 shares. The stock had previously closed at $5.05.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMC. Citigroup raised their price objective on AMC Entertainment from $3.10 to $3.20 and gave the company a "sell" rating in a research note on Tuesday, May 14th. Wedbush dropped their target price on AMC Entertainment from $4.00 to $3.50 and set a "neutral" rating for the company in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, AMC Entertainment presently has an average rating of "Reduce" and an average price target of $5.54.

AMC Entertainment Stock Up 8.2 %

The business's 50-day simple moving average is $4.60 and its 200-day simple moving average is $4.38. The stock has a market cap of $1.62 billion, a PE ratio of -4.30 and a beta of 1.84.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.16). The business had revenue of $951.40 million during the quarter, compared to analyst estimates of $951.40 million. As a group, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 48.3% in the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company's stock worth $123,548,000 after acquiring an additional 6,577,228 shares in the last quarter. Norges Bank purchased a new stake in AMC Entertainment in the fourth quarter worth $12,605,000. Adage Capital Partners GP L.L.C. raised its holdings in AMC Entertainment by 103.7% in the third quarter. Adage Capital Partners GP L.L.C. now owns 42,150 shares of the company's stock worth $337,000 after purchasing an additional 1,178,950 shares in the last quarter. Boulder Hill Capital Management LP purchased a new position in AMC Entertainment during the first quarter valued at $2,842,000. Finally, Quadrature Capital Ltd boosted its holdings in shares of AMC Entertainment by 374.1% during the 4th quarter. Quadrature Capital Ltd now owns 818,077 shares of the company's stock valued at $5,003,000 after buying an additional 645,541 shares in the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.