AMC Entertainment (NYSE:AMC) Trading 7.5% Higher

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares traded up 7.5% on Thursday . The company traded as high as $5.05 and last traded at $5.04. 7,612,790 shares were traded during trading, a decline of 78% from the average session volume of 35,062,699 shares. The stock had previously closed at $4.69.

Analyst Ratings Changes

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

AMC Entertainment Trading Up 0.9 %

The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -4.08 and a beta of 1.84. The firm’s 50 day simple moving average is $4.97 and its 200-day simple moving average is $4.33.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $951.40 million for the quarter, compared to analysts’ expectations of $951.40 million. As a group, sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new stake in AMC Entertainment in the fourth quarter valued at approximately $34,000. Mayflower Financial Advisors LLC bought a new position in AMC Entertainment during the first quarter worth $37,000. Skylands Capital LLC bought a new stake in AMC Entertainment in the second quarter valued at $50,000. Powell Investment Advisors LLC bought a new stake in AMC Entertainment in the first quarter valued at $55,000. Finally, Tower Research Capital LLC TRC lifted its stake in AMC Entertainment by 817.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after buying an additional 8,861 shares during the last quarter. Hedge funds and other 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.