AMC Entertainment (NYSE:AMC) Hits New 1-Year Low – Time to Sell?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $0.97 and last traded at $0.9890, with a volume of 6511434 shares traded. The stock had previously closed at $0.9959.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMC shares. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Citigroup cut 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. Macquarie Infrastructure reduced their target price on 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 decreased 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 equities 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, AMC Entertainment presently has a consensus rating of “Reduce” and an average price target of $2.32.

AMC Entertainment Price Performance

The company has a market capitalization of $521.08 million, a price-to-earnings ratio of -0.75 and a beta of 1.85. The firm’s 50-day simple moving average is $1.28 and its two-hundred day simple moving average is $2.00.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.29 billion for the quarter. On average, analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in AMC Entertainment by 8.7% during the second quarter. Ameritas Investment Partners Inc. now owns 44,447 shares of the company’s stock worth $138,000 after purchasing an additional 3,558 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of AMC Entertainment by 7.6% in the third quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock valued at $236,000 after buying an additional 5,763 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of AMC Entertainment by 59.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock worth $51,000 after buying an additional 6,536 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of AMC Entertainment by 14.3% during the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock worth $170,000 after buying an additional 7,339 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after buying an additional 7,496 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

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.