AMC Entertainment (NYSE:AMC) Reaches New 12-Month Low – What’s Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC) hit a new 52-week low on Monday . The company traded as low as $1.09 and last traded at $1.10, with a volume of 31527071 shares trading hands. The stock had previously closed at $1.17.

Analyst Ratings Changes

Several research firms recently issued reports on AMC. Macquarie Infrastructure decreased their target price on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Citigroup cut their price target on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating on the stock in a research note on Wednesday, February 25th. Roth Mkm reduced their price target on shares of AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, AMC Entertainment presently has a consensus rating of “Reduce” and an average target price of $2.32.

AMC Entertainment Trading Down 4.7%

The company has a market cap of $590.45 million, a PE ratio of -0.85 and a beta of 1.85. The company has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $2.15.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.29 billion during the quarter. On average, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of AMC. Jones Financial Companies Lllp grew its stake in shares of AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after purchasing an additional 7,496 shares in the last quarter. Total Investment Management Inc. purchased a new stake in AMC Entertainment during the 2nd quarter worth about $27,000. Gradient Capital Advisors LLC purchased a new stake in AMC Entertainment during the 3rd quarter worth about $29,000. Triumph Capital Management boosted its position in shares of AMC Entertainment by 139.0% during the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after acquiring an additional 11,050 shares in the last quarter. Finally, CFO4Life Group LLC purchased a new position in shares of AMC Entertainment in the 2nd quarter valued at about $33,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.