AMC Entertainment (NYSE:AMC) Sees Strong Trading Volume – What’s Next?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) saw unusually-strong trading volume on Wednesday . Approximately 11,864,864 shares traded hands during trading, an increase of 2% from the previous session’s volume of 11,686,259 shares.The stock last traded at $3.41 and had previously closed at $3.24.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMC shares. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Macquarie reaffirmed an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Finally, B. Riley cut their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Price Performance

The company’s fifty day simple moving average is $4.33 and its 200-day simple moving average is $4.63. The firm has a market capitalization of $1.33 billion, a PE ratio of -2.19 and a beta of 1.92.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm posted ($0.09) earnings per share. AMC Entertainment’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Large investors have recently made changes to their positions in the stock. KBC Group NV purchased a new stake in shares of AMC Entertainment during the third quarter valued at $37,000. Creative Planning purchased a new stake in shares of AMC Entertainment during the third quarter valued at $48,000. Amalgamated Bank grew its holdings in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of AMC Entertainment during the third quarter valued at $55,000. Finally, Private Advisor Group LLC grew its holdings in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after buying an additional 3,237 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.