AMC Entertainment (NYSE:AMC) Hits New 12-Month Low – Time to Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $1.44 and last traded at $1.4650, with a volume of 8311855 shares traded. The stock had previously closed at $1.49.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMC shares. Citigroup reissued a “sell” rating and set a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a report on Monday, January 12th. Zacks Research lowered AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Wall Street Zen downgraded AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Finally, Macquarie dropped their price target on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $2.66.

AMC Entertainment Stock Performance

The business has a 50-day moving average of $1.83 and a 200 day moving average of $2.49.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business posted ($0.04) EPS. AMC Entertainment’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG lifted its position in AMC Entertainment by 4,537.9% during the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock worth $67,265,000 after buying an additional 22,694,842 shares during the period. Marshall Wace LLP boosted its position in shares of AMC Entertainment by 17,925.0% in the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock worth $37,195,000 after acquiring an additional 11,931,950 shares during the last quarter. Vanguard Group Inc. grew its holdings in AMC Entertainment by 13.1% in the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after purchasing an additional 5,793,996 shares during the period. Jump Financial LLC purchased a new stake in AMC Entertainment in the third quarter valued at approximately $4,827,000. Finally, Geode Capital Management LLC increased its position in AMC Entertainment by 10.6% during the second quarter. Geode Capital Management LLC now owns 10,253,501 shares of the company’s stock worth $31,790,000 after purchasing an additional 982,532 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.