AMC Entertainment (NYSE:AMC) Shares Gap Down to $4.81

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $4.81, but opened at $4.67. AMC Entertainment shares last traded at $4.76, with a volume of 9,265,909 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on AMC. B. Riley decreased their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Citigroup upped their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research report on Tuesday, May 14th. Finally, Wedbush decreased their price objective on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $5.54.

Get Our Latest Report on AMC Entertainment

AMC Entertainment Stock Up 7.1 %

The business’s 50-day simple moving average is $3.74 and its 200 day simple moving average is $4.69. The firm has a market capitalization of $1.52 billion, a P/E ratio of -4.04 and a beta of 1.70.

AMC Entertainment (NYSE:AMCGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The business had revenue of $951.40 million for the quarter, compared to analyst estimates of $951.40 million. Sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in AMC Entertainment by 14.0% during the first quarter. Public Employees Retirement System of Ohio now owns 95,472 shares of the company’s stock valued at $355,000 after acquiring an additional 11,760 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of AMC Entertainment by 24.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock worth $245,000 after purchasing an additional 12,975 shares during the last quarter. Boulder Hill Capital Management LP bought a new position in shares of AMC Entertainment in the first quarter worth approximately $2,842,000. Vanguard Group Inc. grew its holdings in shares of AMC Entertainment by 22.9% in the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after purchasing an additional 4,617,007 shares during the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in shares of AMC Entertainment by 61.9% in the first quarter. HBK Sorce Advisory LLC now owns 44,459 shares of the company’s stock worth $165,000 after purchasing an additional 17,000 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Company Profile

(Get Free Report)

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.

Further Reading

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