AMC Entertainment (NYSE:AMC) Hits New 1-Year Low – Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $1.44 and last traded at $1.4650, with a volume of 8311855 shares changing hands. The stock had previously closed at $1.49.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Citigroup reiterated a “sell” rating and set a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a report on Monday, January 12th. Wall Street Zen downgraded shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Finally, Macquarie lowered their price target on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $2.66.

AMC Entertainment Trading Down 3.0%

The firm has a market cap of $741.20 million, a PE ratio of -1.02 and a beta of 0.72. The business’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $2.52.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.21 billion. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. Analysts expect that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMC. Jones Financial Companies Lllp lifted 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 during the last quarter. Total Investment Management Inc. purchased a new position in AMC Entertainment in the second quarter valued at about $27,000. Gradient Capital Advisors LLC bought a new position in AMC Entertainment in the third quarter worth about $29,000. Sovereign Financial Group Inc. purchased a new stake in shares of AMC Entertainment during the second quarter valued at about $32,000. Finally, CFO4Life Group LLC bought a new stake in shares of AMC Entertainment in the 2nd quarter valued at about $33,000. 28.80% of the stock is owned by institutional investors.

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.