AMC Entertainment (NYSE:AMC) Trading Down 4.4%

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price traded down 4.4% on Tuesday . The stock traded as low as $5.03 and last traded at $5.05. 9,776,752 shares were traded during trading, a decline of 72% from the average session volume of 35,249,723 shares. The stock had previously closed at $5.28.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Macquarie lifted their price target on AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Tuesday, July 9th. Citigroup lifted their price target on AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a report on Tuesday, May 14th. Finally, Wedbush lifted their price target on AMC Entertainment from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $5.37.

AMC Entertainment Trading Up 9.5 %

The company has a 50 day moving average price of $4.95 and a 200-day moving average price of $4.33. The company has a market cap of $1.52 billion, a P/E ratio of -4.04 and a beta of 1.84.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The firm had revenue of $951.40 million during the quarter, compared to the consensus estimate of $951.40 million. Equities analysts expect that AMC Entertainment Holdings, Inc. will post -0.84 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of AMC. Vanguard Group Inc. grew its position in AMC Entertainment by 48.3% during 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 during the last quarter. Norges Bank bought a new stake in shares of AMC Entertainment in the 4th quarter valued at about $12,605,000. SG Americas Securities LLC grew its position in shares of AMC Entertainment by 1,894.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after buying an additional 1,064,805 shares during the last quarter. Boulder Hill Capital Management LP bought a new stake in shares of AMC Entertainment in the 1st quarter valued at about $2,842,000. Finally, Quadrature Capital Ltd grew its position in shares of AMC Entertainment by 374.1% in 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 during the last quarter. Institutional investors own 28.80% of the company’s stock.

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.