AMC Entertainment (NYSE:AMC) Trading Down 8.9% – Time to Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price traded down 8.9% during mid-day trading on Wednesday . The stock traded as low as $1.87 and last traded at $1.8850. 7,375,033 shares were traded during trading, a decline of 79% from the average session volume of 34,638,734 shares. The stock had previously closed at $2.07.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. B. Riley Financial reaffirmed a “neutral” rating on shares of AMC Entertainment in a report on Friday, April 17th. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup lifted their price target on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a report on Thursday, May 7th. Roth Mkm set a $1.50 price target on shares of AMC Entertainment in a report on Tuesday, May 19th. Finally, Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.24.

AMC Entertainment Trading Up 7.4%

The firm’s 50-day moving average is $1.48 and its 200 day moving average is $1.55. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -1.85 and a beta of 2.22.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $979.19 million. During the same quarter in the previous year, the company posted ($0.58) EPS. AMC Entertainment’s revenue for the quarter was up 21.2% compared to the same quarter last year. Analysts predict that AMC Entertainment Holdings, Inc. will post -0.41 EPS for the current year.

Insider Activity

In other news, CEO Adam M. Aron purchased 250,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the transaction, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of AMC Entertainment by 21.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock worth $690,000 after purchasing an additional 41,860 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of AMC Entertainment by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock worth $2,038,000 after purchasing an additional 164,740 shares during the period. JPMorgan Chase & Co. lifted its position in shares of AMC Entertainment by 19.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock worth $5,643,000 after purchasing an additional 300,376 shares during the period. Prudential Financial Inc. lifted its position in shares of AMC Entertainment by 89.6% in the 2nd quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock worth $173,000 after purchasing an additional 26,310 shares during the period. Finally, Hsbc Holdings PLC lifted its position in shares of AMC Entertainment by 9.2% in the 2nd quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock worth $315,000 after purchasing an additional 8,629 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Company Profile

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.