AMC Entertainment (NYSE:AMC) Sets New 52-Week Low – What’s Next?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $1.50 and last traded at $1.5150, with a volume of 21043075 shares changing hands. The stock had previously closed at $1.52.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup decreased their target price on shares of AMC Entertainment from $2.70 to $2.30 and set a “sell” rating for the company in a report on Thursday, November 13th. Wall Street Zen lowered AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, AMC Entertainment currently has a consensus rating of “Reduce” and a consensus price target of $3.26.

AMC Entertainment Price Performance

The business has a 50-day simple moving average of $2.12 and a 200 day simple moving average of $2.65. The firm has a market cap of $787.36 million, a PE ratio of -1.09 and a beta of 0.72.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.21 billion. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. On average, equities analysts forecast that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its position in shares of AMC Entertainment by 761.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after acquiring an additional 7,496 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of AMC Entertainment in the 2nd quarter valued at approximately $27,000. Gradient Capital Advisors LLC purchased a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $29,000. Sovereign Financial Group Inc. bought a new stake in AMC Entertainment in the second quarter worth $32,000. Finally, CFO4Life Group LLC purchased a new stake in shares of AMC Entertainment in the second quarter valued at $33,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

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.