AMC Entertainment (NYSE:AMC) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.32 and traded as low as $1.23. AMC Entertainment shares last traded at $1.2350, with a volume of 49,570,991 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citigroup reissued a “sell” rating and set a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a research report on Monday, January 12th. Zacks Research lowered AMC Entertainment from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Wall Street Zen downgraded AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Finally, Macquarie Infrastructure reduced their target price on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, AMC Entertainment has a consensus rating of “Reduce” and an average price target of $2.66.

AMC Entertainment Trading Up 1.6%

The stock has a market cap of $642.36 million, a P/E ratio of -0.89 and a beta of 1.77. The firm’s fifty day moving average is $1.58 and its 200 day moving average is $2.31.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake 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 buying an additional 7,496 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of AMC Entertainment during the second quarter valued at $27,000. Gradient Capital Advisors LLC acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at $29,000. Triumph Capital Management grew its holdings in shares of AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares during the last quarter. Finally, CFO4Life Group LLC bought a new stake in shares of AMC Entertainment in the 2nd quarter worth about $33,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.