AMC Entertainment (NYSE:AMC) Stock Price Down 6% – What’s Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 6% during trading on Tuesday . The company traded as low as $1.19 and last traded at $1.1850. 6,182,748 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 35,933,555 shares. The stock had previously closed at $1.26.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMC. Macquarie Infrastructure dropped their price objective on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Citigroup cut their price target on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Finally, Roth Mkm lowered their target price on shares of AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.32.

AMC Entertainment Stock Down 0.4%

The company has a 50 day simple moving average of $1.18 and a 200 day simple moving average of $1.87. The company has a market capitalization of $706.95 million, a price-to-earnings ratio of -1.01 and a beta of 1.80.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $1.29 billion during the quarter. On average, research analysts forecast that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Wealthfront Advisers LLC lifted its position in shares of AMC Entertainment by 7.6% during the third quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock worth $236,000 after purchasing an additional 5,763 shares during the last quarter. Swiss Life Asset Management Ltd raised its stake in AMC Entertainment by 59.5% during the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after buying an additional 6,536 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in AMC Entertainment by 14.3% during the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock worth $170,000 after buying an additional 7,339 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares in the last quarter. Finally, Optimize Financial Inc increased its holdings in shares of AMC Entertainment by 1.5% in the 4th quarter. Optimize Financial Inc now owns 543,906 shares of the company’s stock valued at $848,000 after acquiring an additional 7,824 shares during the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Company Profile

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.