AMC Entertainment (NYSE:AMC) Sets New 1-Year Low at $2.38

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) hit a new 52-week low on Tuesday . The stock traded as low as $2.38 and last traded at $2.48, with a volume of 2346685 shares changing hands. The stock had previously closed at $2.47.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wedbush reaffirmed a “neutral” rating and set a $6.00 price target on shares of AMC Entertainment in a research report on Friday, February 23rd. B. Riley lowered their price target 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 investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $6.35.

AMC Entertainment Stock Performance

The stock has a 50-day moving average of $4.06 and a two-hundred day moving average of $6.02.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts forecast that AMC Entertainment Holdings, Inc. will post -1.7 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. SG Americas Securities LLC boosted its stake in shares of AMC Entertainment by 3,234.8% in the 3rd quarter. SG Americas Securities LLC now owns 1,274,309 shares of the company’s stock worth $10,182,000 after buying an additional 1,236,097 shares during the last quarter. Qube Research & Technologies Ltd grew its position in AMC Entertainment by 935.5% in the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock worth $6,506,000 after acquiring an additional 735,666 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in AMC Entertainment in the third quarter worth about $5,582,000. HBK Sorce Advisory LLC boosted its position in shares of AMC Entertainment by 31.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock valued at $168,000 after buying an additional 6,525 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of AMC Entertainment during the fourth quarter valued at approximately $459,000. 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.