AMC Entertainment (NYSE:AMC) Sets New 52-Week Low – Here’s Why

AMC Entertainment Holdings, Inc. (NYSE:AMC) hit a new 52-week low on Monday . The stock traded as low as $1.09 and last traded at $1.10, with a volume of 31527071 shares traded. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

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

AMC Entertainment Stock Performance

The company has a 50-day moving average of $1.40 and a 200-day moving average of $2.15. The stock has a market cap of $590.45 million, a price-to-earnings ratio of -0.85 and a beta of 1.85.

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

Institutional Trading of AMC Entertainment

Several large investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its stake in shares of AMC Entertainment by 761.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after purchasing an additional 7,496 shares in the last quarter. Total Investment Management Inc. purchased a new stake in AMC Entertainment in the 2nd quarter valued at approximately $27,000. Gradient Capital Advisors LLC acquired a new stake in AMC Entertainment during the 3rd quarter valued at $29,000. Triumph Capital Management grew its holdings in AMC Entertainment by 139.0% during the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after buying an additional 11,050 shares during the last quarter. Finally, CFO4Life Group LLC purchased a new position in AMC Entertainment during the second quarter worth $33,000. 28.80% of the stock is currently 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.