AMC Entertainment (NYSE:AMC) Stock Price Up 4.9% – Here’s What Happened

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) rose 4.9% during trading on Tuesday . The company traded as high as $4.35 and last traded at $4.26. Approximately 11,153,373 shares traded hands during trading, a decline of 56% from the average daily volume of 25,317,553 shares. The stock had previously closed at $4.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. B. Riley reduced their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Macquarie reaffirmed an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, AMC Entertainment presently has a consensus rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Price Performance

The firm’s fifty day moving average is $4.47 and its 200-day moving average is $4.76. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -2.65 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company earned ($0.09) EPS. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 EPS for the current year.

Institutional Trading of AMC Entertainment

Hedge funds have recently modified their holdings of the stock. KBC Group NV bought a new position in AMC Entertainment during the third quarter worth $37,000. Skylands Capital LLC bought a new position in shares of AMC Entertainment during the 2nd quarter worth about $50,000. Creative Planning acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at about $48,000. Amalgamated Bank increased its position in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new position in AMC Entertainment during the 3rd quarter worth approximately $55,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.