AMC Entertainment (NYSE:AMC) Trading Down 4.4%

AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 4.4% during trading on Tuesday . The stock traded as low as $5.03 and last traded at $5.05. 9,776,752 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 35,249,723 shares. The stock had previously closed at $5.28.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMC. Macquarie raised their price objective on AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 9th. Citigroup raised their price objective on AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research note on Tuesday, May 14th. Finally, Wedbush raised their price objective on AMC Entertainment from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $5.37.

AMC Entertainment Trading Up 9.5 %

The firm has a 50 day moving average of $4.95 and a 200-day moving average of $4.33. The company has a market cap of $1.52 billion, a P/E ratio of -4.04 and a beta of 1.84.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The company had revenue of $951.40 million during the quarter, compared to the consensus estimate of $951.40 million. Equities analysts predict that AMC Entertainment Holdings, Inc. will post -0.84 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. bought a new position in AMC Entertainment in the 4th quarter valued at $34,000. Tower Research Capital LLC TRC grew its position in shares of AMC Entertainment by 817.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after buying an additional 8,861 shares in the last quarter. Mayflower Financial Advisors LLC bought a new position in shares of AMC Entertainment during the 1st quarter worth $37,000. Eudaimonia Partners LLC bought a new position in shares of AMC Entertainment during the 4th quarter worth $71,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of AMC Entertainment during the 4th quarter worth $72,000. Institutional investors own 28.80% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.