AMC Entertainment (NYSE:AMC) Shares Down 3.8% – Should You Sell?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 3.8% on Monday . The stock traded as low as $3.98 and last traded at $4.02. 4,209,335 shares changed hands during trading, a decline of 83% from the average session volume of 25,286,447 shares. The stock had previously closed at $4.18.

Wall Street Analyst Weigh In

AMC has been the subject of several recent analyst reports. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. B. Riley cut their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, Macquarie reiterated an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Stock Performance

The firm has a market capitalization of $1.60 billion, a PE ratio of -2.64 and a beta of 1.85. The business’s 50 day moving average price is $4.47 and its 200-day moving average price is $4.76.

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

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds have recently bought and sold shares of the stock. KBC Group NV acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at $37,000. Creative Planning purchased a new stake in AMC Entertainment in the third quarter valued at $48,000. Skylands Capital LLC acquired a new position in AMC Entertainment in the second quarter valued at $50,000. 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 worth $53,000 after purchasing an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of AMC Entertainment during the third quarter worth about $55,000. Institutional investors and hedge funds 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.