AMC Entertainment (NYSE:AMC) Sets New 52-Week Low – Time to Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.08 and last traded at $1.0860, with a volume of 3142765 shares traded. The stock had previously closed at $1.09.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Roth Mkm lowered their target price on AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Macquarie Infrastructure cut their price target on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Citigroup reduced their price objective on AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2.32.

AMC Entertainment Stock Performance

The stock has a market capitalization of $574.56 million, a price-to-earnings ratio of -0.83 and a beta of 1.85. The business’s 50 day simple moving average is $1.34 and its 200-day simple moving average is $2.06.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Saturday, January 31st. The company reported ($0.24) EPS for the quarter. The business had revenue of $1.29 billion for the quarter. As a group, sell-side analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC acquired a new position in AMC Entertainment during the 4th quarter worth $41,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of AMC Entertainment by 3,100.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 225,685 shares of the company’s stock valued at $352,000 after purchasing an additional 218,634 shares during the period. Alpine Global Management LLC bought a new stake in shares of AMC Entertainment during the fourth quarter valued at about $178,000. Invesco Ltd. raised its stake in shares of AMC Entertainment by 7.4% during the fourth quarter. Invesco Ltd. now owns 685,189 shares of the company’s stock valued at $1,069,000 after purchasing an additional 47,476 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in AMC Entertainment by 78.4% in the fourth quarter. XTX Topco Ltd now owns 757,130 shares of the company’s stock worth $1,181,000 after purchasing an additional 332,651 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.