AMC Entertainment (NYSE:AMC) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of AMC Entertainment (NYSE:AMC – Get Rating) in a research note issued on Thursday. The firm set a “sell” rating on the stock.

Other analysts also recently issued research reports about the stock. Roth Capital reaffirmed a “sell” rating on shares of AMC Entertainment in a report on Monday, February 13th. B. Riley dropped their target price on AMC Entertainment from $7.50 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 3rd. Finally, Citigroup cut their target price on AMC Entertainment from $1.20 to $1.10 in a research note on Friday, November 25th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $3.12.

AMC Entertainment Stock Down 9.3 %

AMC opened at $4.21 on Thursday. AMC Entertainment has a 52 week low of $3.77 and a 52 week high of $34.33. The business has a 50 day moving average price of $5.51 and a two-hundred day moving average price of $6.38. The company has a market cap of $2.18 billion, a PE ratio of -3.07 and a beta of 1.88.

AMC Entertainment (NYSE:AMC – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $990.90 million during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. As a group, sell-side analysts expect that AMC Entertainment will post -0.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Antara Capital Lp sold 48,000,579 shares of AMC Entertainment stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $1.51, for a total transaction of $72,480,874.29. Following the completion of the sale, the insider now directly owns 179,231,928 shares in the company, valued at approximately $270,640,211.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other AMC Entertainment news, CFO Sean D. Goodman sold 80,750 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $4.68, for a total value of $377,910.00. Following the sale, the chief financial officer now owns 4,420 shares of the company’s stock, valued at $20,685.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Antara Capital Lp sold 48,000,579 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $1.51, for a total transaction of $72,480,874.29. Following the transaction, the insider now directly owns 179,231,928 shares of the company’s stock, valued at $270,640,211.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,324,340 shares of company stock worth $145,701,544. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently bought and sold shares of AMC. American Century Companies Inc. increased its position in AMC Entertainment by 17.5% during the 1st quarter. American Century Companies Inc. now owns 20,312 shares of the company’s stock worth $500,000 after purchasing an additional 3,020 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of AMC Entertainment by 49.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 44,525 shares of the company’s stock valued at $1,097,000 after buying an additional 14,732 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of AMC Entertainment by 141.2% during the first quarter. Panagora Asset Management Inc. now owns 50,244 shares of the company’s stock valued at $1,238,000 after buying an additional 29,413 shares during the period. Cibc World Market Inc. acquired a new stake in AMC Entertainment during the first quarter worth approximately $321,000. Finally, Prudential PLC purchased a new stake in AMC Entertainment in the 1st quarter worth approximately $275,000. Hedge funds and other institutional investors own 26.14% of the company’s stock.

About AMC Entertainment

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AMC Entertainment Holdings, Inc engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S. The International Markets segment focuses on owning, leasing, or operating theaters and screens in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, Denmark, and Saudi Arabia.