AMC Entertainment (NYSE:AMC) Trading Down 11.3% – Time to Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 11.3% on Thursday . The stock traded as low as $1.78 and last traded at $1.7750. Approximately 11,096,602 shares were traded during trading, a decline of 70% from the average session volume of 36,538,184 shares. The stock had previously closed at $2.00.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup raised their price objective on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th. Roth Mkm set a $1.50 price target on AMC Entertainment in a report on Tuesday, May 19th. B. Riley Financial restated a “buy” rating on shares of AMC Entertainment in a research report on Thursday, June 11th. Benchmark raised shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, AMC Entertainment has an average rating of “Hold” and an average target price of $2.24.

AMC Entertainment Stock Up 14.0%

The stock’s 50 day moving average price is $1.82 and its 200-day moving average price is $1.55. The stock has a market capitalization of $1.32 billion, a PE ratio of -2.03 and a beta of 2.22.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. During the same quarter in the previous year, the company earned ($0.58) earnings per share. AMC Entertainment’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that AMC Entertainment Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Adam M. Aron bought 250,000 shares of AMC Entertainment stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the transaction, the chief executive officer owned 2,437,020 shares in the company, valued at $3,363,087.60. The trade was a 11.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of AMC Entertainment

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in AMC Entertainment by 21.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock worth $690,000 after purchasing an additional 41,860 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in AMC Entertainment by 30.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock valued at $2,038,000 after purchasing an additional 164,740 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of AMC Entertainment by 19.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,820,405 shares of the company’s stock worth $5,643,000 after buying an additional 300,376 shares during the period. Prudential Financial Inc. lifted its holdings in shares of AMC Entertainment by 89.6% in the 2nd quarter. Prudential Financial Inc. now owns 55,685 shares of the company’s stock worth $173,000 after buying an additional 26,310 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of AMC Entertainment by 9.2% in the 2nd quarter. Hsbc Holdings PLC now owns 102,506 shares of the company’s stock worth $315,000 after buying an additional 8,629 shares during the period. Hedge funds and other institutional investors own 28.80% of the company’s stock.

About AMC Entertainment

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.