AMC Entertainment (NYSE:AMC) Reaches New 52-Week Low at $3.26

AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.26 and last traded at $3.37, with a volume of 19627663 shares traded. The stock had previously closed at $3.72.

Analyst Upgrades and Downgrades

AMC has been the topic of several analyst reports. Wedbush reissued a “neutral” rating and set a $6.00 target price on shares of AMC Entertainment in a report on Friday, February 23rd. B. Riley dropped their price objective on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $6.35.

Read Our Latest Report on AMC

AMC Entertainment Trading Down 1.6 %

The firm has a 50-day moving average of $4.28 and a two-hundred day moving average of $6.34.

AMC Entertainment (NYSE:AMCGet Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, analysts predict that AMC Entertainment Holdings, Inc. will post -1.7 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

Several large investors have recently bought and sold shares of the company. Covestor Ltd raised its position in shares of AMC Entertainment by 417.6% during the first quarter. Covestor Ltd now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 856 shares during the last quarter. KBC Group NV bought a new position in shares of AMC Entertainment during the fourth quarter worth about $30,000. Russell Investments Group Ltd. bought a new position in shares of AMC Entertainment during the fourth quarter worth about $34,000. FNY Investment Advisers LLC raised its position in shares of AMC Entertainment by 1,160.9% during the third quarter. FNY Investment Advisers LLC now owns 5,400 shares of the company’s stock worth $43,000 after acquiring an additional 5,909 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of AMC Entertainment by 44.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,240 shares of the company’s stock worth $46,000 after acquiring an additional 3,448 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.