AMC Entertainment (NYSE:AMC) Trading 4.9% Higher – Here’s What Happened

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) were up 4.9% during trading on Tuesday . The company traded as high as $4.35 and last traded at $4.26. Approximately 11,153,373 shares were traded during trading, a decline of 56% from the average daily volume of 25,317,553 shares. The stock had previously closed at $4.06.

Wall Street Analyst Weigh In

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

AMC Entertainment Price Performance

The company has a market cap of $1.54 billion, a P/E ratio of -2.54 and a beta of 1.85. The stock has a fifty day moving average price of $4.47 and a two-hundred day moving average price of $4.76.

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

Institutional Trading of AMC Entertainment

A number of institutional investors have recently modified their holdings of the business. KBC Group NV purchased a new stake in shares of AMC Entertainment during the third quarter worth $37,000. Creative Planning bought a new stake in shares of AMC Entertainment during the 3rd quarter valued at $48,000. Skylands Capital LLC purchased a new stake in AMC Entertainment during the 2nd quarter worth about $50,000. Amalgamated Bank lifted its holdings in AMC Entertainment by 31.5% during 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 in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in AMC Entertainment in the 3rd quarter worth about $55,000. 28.80% of the stock is currently 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.