AMC Entertainment (NYSE:AMC) Sets New 52-Week Low – Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $1.21 and last traded at $1.2250, with a volume of 13699348 shares changing hands. The stock had previously closed at $1.24.

Analyst Upgrades and Downgrades

Several analysts have commented on AMC shares. Zacks Research downgraded AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Citigroup reaffirmed a “sell” rating and set a $1.30 price target (down previously from $2.30) on shares of AMC Entertainment in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Wall Street Zen cut shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Finally, Macquarie Infrastructure dropped their target price on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, AMC Entertainment currently has a consensus rating of “Reduce” and a consensus target price of $2.66.

AMC Entertainment Trading Down 1.2%

The stock has a market cap of $629.52 million, a P/E ratio of -0.87 and a beta of 1.77. The company’s 50 day moving average price is $1.56 and its two-hundred day moving average price is $2.30.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its position in AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after purchasing an additional 7,496 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of AMC Entertainment in the second quarter worth about $27,000. Gradient Capital Advisors LLC purchased a new position in shares of AMC Entertainment during the 3rd quarter valued at about $29,000. Triumph Capital Management grew its stake in shares of AMC Entertainment by 139.0% during the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after acquiring an additional 11,050 shares during the period. Finally, CFO4Life Group LLC purchased a new stake in AMC Entertainment in the 2nd quarter worth approximately $33,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.