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

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price reached a new 52-week low on Monday . The stock traded as low as $2.02 and last traded at $2.0550, with a volume of 2762111 shares changing hands. The stock had previously closed at $2.12.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Citigroup lowered their target price on AMC Entertainment from $2.70 to $2.30 and set a “sell” rating on the stock in a research note on Thursday, November 13th. Finally, Zacks Research downgraded AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $3.26.

AMC Entertainment Price Performance

The stock’s fifty day simple moving average is $2.50 and its 200-day simple moving average is $2.84. The company has a market capitalization of $1.03 billion, a P/E ratio of -1.41 and a beta of 0.53.

AMC Entertainment (NYSE:AMC) last announced its 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 company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm posted ($0.04) EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, research analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in shares of AMC Entertainment by 761.8% in the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares during the last quarter. Total Investment Management Inc. bought a new position in AMC Entertainment in the 2nd quarter valued at $27,000. Gradient Capital Advisors LLC acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at $29,000. Sovereign Financial Group Inc. bought a new stake in shares of AMC Entertainment during the second quarter worth $32,000. Finally, CFO4Life Group LLC acquired a new position in shares of AMC Entertainment during the second quarter valued at $33,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.