AMC Entertainment (NYSE:AMC) Stock Price Down 5.8% – Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price fell 5.8% during trading on Tuesday . The company traded as low as $2.48 and last traded at $2.4950. 6,277,647 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 36,827,031 shares. The stock had previously closed at $2.65.

Wall Street Analysts Forecast Growth

AMC has been the subject of a number of research reports. Benchmark reiterated a “buy” rating and set a $3.00 target price (up from $2.50) on shares of AMC Entertainment in a research note on Tuesday, July 21st. B. Riley Financial reaffirmed a “neutral” rating and issued a $2.50 price objective (up from $2.25) on shares of AMC Entertainment in a report on Wednesday, July 22nd. Roth Capital set a $1.50 price objective on AMC Entertainment in a research report on Tuesday, May 19th. Texas Capital raised AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings raised AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.53.

AMC Entertainment Price Performance

The company has a market capitalization of $2.24 billion, a P/E ratio of -2.34 and a beta of 2.01. The firm’s 50-day moving average is $2.38 and its 200-day moving average is $1.82.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.17. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, analysts forecast that AMC Entertainment Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently bought and sold shares of the stock. Summit Asset Management LLC purchased a new position in AMC Entertainment during the second quarter valued at $28,000. Triumph Capital Management increased its position in AMC Entertainment by 139.0% in the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after buying an additional 11,050 shares in the last quarter. Royal Bank of Canada increased its position in AMC Entertainment by 90.7% in the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after buying an additional 16,011 shares in the last quarter. Pitcairn Co. bought a new position in shares of AMC Entertainment in the second quarter worth about $34,000. Finally, Powell Investment Advisors LLC bought a new position in shares of AMC Entertainment in the fourth quarter worth about $39,000. 28.80% of the stock is owned by 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.