AMC Entertainment (NYSE:AMC) Trading 4% Higher

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares shot up 4% on Tuesday . The company traded as high as $5.34 and last traded at $5.24. 10,861,112 shares changed hands during trading, a decline of 71% from the average session volume of 37,043,273 shares. The stock had previously closed at $5.04.

Analyst Upgrades and Downgrades

AMC has been the subject of several recent research reports. Wedbush lowered their price target 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. 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 report on Tuesday, May 14th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $5.54.

AMC Entertainment Trading Up 4.4 %

The company’s fifty day moving average is $4.41 and its 200-day moving average is $4.42. The firm has a market capitalization of $1.55 billion, a P/E ratio of -4.19 and a beta of 1.84.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share 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 analysts’ expectations of $951.40 million. On average, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.84 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd raised its stake in shares of AMC Entertainment by 935.5% in the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock valued at $6,506,000 after purchasing an additional 735,666 shares in the last quarter. Swiss National Bank lifted its holdings in shares of AMC Entertainment by 29.6% during the 4th quarter. Swiss National Bank now owns 390,891 shares of the company’s stock worth $2,392,000 after acquiring an additional 89,200 shares during the period. HBK Sorce Advisory LLC raised its stake in shares of AMC Entertainment by 31.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock valued at $168,000 after acquiring an additional 6,525 shares during the last quarter. Oak Thistle LLC bought a new stake in AMC Entertainment during the 4th quarter worth approximately $459,000. Finally, Avantax Advisory Services Inc. increased its holdings in AMC Entertainment by 43.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company’s stock valued at $102,000 after purchasing an additional 5,070 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

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.