AMC Entertainment (NYSE:AMC) Trading Down 2.2%

AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 2.2% on Wednesday . The stock traded as low as $4.43 and last traded at $4.43. 4,013,038 shares changed hands during trading, a decline of 89% from the average session volume of 37,366,137 shares. The stock had previously closed at $4.53.

Analysts Set New Price Targets

AMC has been the subject of a number of recent research reports. Citigroup increased their target price on AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research note on Tuesday, May 14th. B. Riley lowered their price objective on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Finally, Wedbush lowered their price objective on AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $5.54.

AMC Entertainment Trading Up 1.5 %

The firm has a fifty day simple moving average of $4.27 and a 200-day simple moving average of $4.48.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in AMC Entertainment in the 4th quarter valued at $34,000. Tower Research Capital LLC TRC lifted its position in shares of AMC Entertainment by 817.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after acquiring an additional 8,861 shares during the period. Mayflower Financial Advisors LLC bought a new stake in shares of AMC Entertainment during the 1st quarter valued at $37,000. Eudaimonia Partners LLC bought a new stake in shares of AMC Entertainment during the 4th quarter valued at $71,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of AMC Entertainment during the 4th quarter valued at $72,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.