AMC Entertainment (NYSE:AMC) Stock Price Up 4.5%

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price traded up 4.5% on Tuesday . The stock traded as high as $4.98 and last traded at $4.92. 11,850,642 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 38,029,754 shares. The stock had previously closed at $4.71.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMC. B. Riley decreased their target price on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Wedbush lowered their price objective on AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, Citigroup lifted their price objective on AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, AMC Entertainment currently has a consensus rating of “Reduce” and a consensus target price of $5.54.

AMC Entertainment Trading Up 13.8 %

The company has a market cap of $1.58 billion, a P/E ratio of -4.04 and a beta of 1.70. The company has a 50 day moving average price of $3.84 and a 200-day moving average price of $4.64.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The business had revenue of $951.40 million during the quarter, compared to analysts’ expectations of $951.40 million. Equities analysts expect that AMC Entertainment Holdings, Inc. will post -0.62 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in AMC. Vanguard Group Inc. grew its stake in shares of AMC Entertainment by 22.9% during the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after buying an additional 4,617,007 shares during the last quarter. Norges Bank acquired a new position in AMC Entertainment in the 4th quarter worth about $12,605,000. Quadrature Capital Ltd raised its position in AMC Entertainment by 374.1% in the fourth quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock valued at $5,003,000 after purchasing an additional 645,541 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of AMC Entertainment by 935.5% during the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock valued at $6,506,000 after purchasing an additional 735,666 shares in the last quarter. Finally, Boulder Hill Capital Management LP acquired a new stake in shares of AMC Entertainment during the first quarter valued at about $2,842,000. 28.80% of the stock is currently 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.