AMC Entertainment (NYSE:AMC) Stock Price Down 6.6% – Should You Sell?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) were down 6.6% on Tuesday . The stock traded as low as $3.25 and last traded at $3.28. Approximately 15,525,908 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 11,274,383 shares. The stock had previously closed at $3.51.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMC shares. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. 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. Macquarie reiterated an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $5.44.

AMC Entertainment Stock Up 2.7 %

The stock has a market cap of $1.35 billion, a PE ratio of -2.24 and a beta of 1.92. The stock’s fifty day moving average price is $4.30 and its 200 day moving average price is $4.62.

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

Institutional Investors Weigh In On AMC Entertainment

Several large investors have recently bought and sold shares of the business. KBC Group NV purchased a new stake in shares of AMC Entertainment during the 3rd quarter valued at about $37,000. Creative Planning purchased a new stake in AMC Entertainment in the third quarter worth approximately $48,000. Amalgamated Bank grew its position in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in AMC Entertainment during the 3rd quarter valued at $55,000. Finally, Private Advisor Group LLC lifted its holdings in shares of AMC Entertainment by 27.5% during the 3rd 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 period. 28.80% of the stock is currently owned by institutional investors.

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.