AMC Entertainment (NYSE:AMC) Hits New 12-Month Low – Time to Sell?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $1.35 and last traded at $1.3670, with a volume of 55097169 shares changing hands. The stock had previously closed at $1.37.

Wall Street Analyst Weigh In

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

AMC Entertainment Price Performance

The company has a market cap of $741.20 million, a price-to-earnings ratio of -1.02 and a beta of 0.72. The company’s 50-day simple moving average is $1.81 and its 200-day simple moving average is $2.47.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 5th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Equities analysts predict that AMC Entertainment Holdings, Inc. will post -1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently bought and sold shares of AMC. Jones Financial Companies Lllp boosted 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 valued at $25,000 after buying an additional 7,496 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of AMC Entertainment in the 2nd quarter worth about $27,000. Gradient Capital Advisors LLC acquired a new stake in shares of AMC Entertainment in the 3rd quarter valued at about $29,000. Sovereign Financial Group Inc. bought a new stake in AMC Entertainment in the second quarter valued at about $32,000. Finally, CFO4Life Group LLC acquired a new stake in AMC Entertainment during the second quarter valued at approximately $33,000. 28.80% of the stock is currently owned by hedge funds and other 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.