AMC Entertainment (NYSE:AMC) Hits New 12-Month Low – Here’s What Happened

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $0.97 and last traded at $0.9890, with a volume of 6511434 shares changing hands. The stock had previously closed at $0.9959.

Analyst Ratings Changes

A number of analysts recently weighed in on AMC shares. Citigroup decreased their price target on shares of AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a research note on Wednesday, February 25th. Macquarie Infrastructure dropped their price objective on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Roth Mkm reduced their target price on shares of AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $2.32.

AMC Entertainment Stock Down 1.2%

The stock has a fifty day moving average price of $1.28 and a 200-day moving average price of $2.00. The firm has a market cap of $521.08 million, a price-to-earnings ratio of -0.75 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Saturday, January 31st. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $1.29 billion during the quarter. As a group, research analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Institutional Trading of AMC Entertainment

Several hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its stake in shares of AMC Entertainment by 8.7% during the second quarter. Ameritas Investment Partners Inc. now owns 44,447 shares of the company’s stock worth $138,000 after acquiring an additional 3,558 shares during the period. Wealthfront Advisers LLC raised its holdings in AMC Entertainment by 7.6% during the third quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock worth $236,000 after purchasing an additional 5,763 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in AMC Entertainment by 59.5% in the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after purchasing an additional 6,536 shares during the period. Victory Capital Management Inc. boosted its holdings in AMC Entertainment by 14.3% in the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock valued at $170,000 after purchasing an additional 7,339 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after purchasing an additional 7,496 shares in the last quarter. Institutional investors and hedge funds 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.