AMC Entertainment (NYSE:AMC) Stock Price Down 5.8%

AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 5.8% on Tuesday . The stock traded as low as $3.08 and last traded at $3.10. 3,590,755 shares were traded during mid-day trading, a decline of 78% from the average session volume of 15,990,011 shares. The stock had previously closed at $3.29.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMC shares. B. Riley decreased their target price on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Wedbush lowered their price objective on AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment has an average rating of “Reduce” and a consensus target price of $5.85.

AMC Entertainment Price Performance

The stock has a market cap of $805.63 million, a P/E ratio of -1.30 and a beta of 1.69. The business’s 50 day simple moving average is $3.56 and its 200 day simple moving average is $5.31.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. Research analysts predict that AMC Entertainment Holdings, Inc. will post -0.87 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of AMC Entertainment in the 4th quarter worth approximately $34,000. Mayflower Financial Advisors LLC bought a new position in AMC Entertainment in the 1st quarter valued at $37,000. Powell Investment Advisors LLC acquired a new position in AMC Entertainment in the first quarter worth $55,000. Tower Research Capital LLC TRC grew its holdings in shares of AMC Entertainment by 817.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after purchasing an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC acquired a new stake in shares of AMC Entertainment in the fourth quarter valued at $71,000. Institutional investors and hedge funds 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.