AMC Entertainment (NYSE:AMC) Trading Down 8.9% – Should You Sell?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 8.9% on Wednesday . The stock traded as low as $1.87 and last traded at $1.8850. 7,375,033 shares were traded during mid-day trading, a decline of 79% from the average session volume of 34,638,734 shares. The stock had previously closed at $2.07.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMC. 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. Citigroup increased their price target on shares of AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research report on Thursday, May 7th. Roth Mkm set a $1.50 price target on shares of AMC Entertainment in a research report on Tuesday, May 19th. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Finally, Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.24.

AMC Entertainment Price Performance

The stock has a market cap of $1.15 billion, a PE ratio of -1.77 and a beta of 2.22. The business has a 50 day moving average price of $1.42 and a two-hundred day moving average price of $1.55.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $979.19 million. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.58) earnings per share. On average, sell-side analysts forecast that AMC Entertainment Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron acquired 250,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average price of $1.38 per share, for a total transaction of $345,000.00. Following the acquisition, the chief executive officer owned 2,437,020 shares in the company, valued at $3,363,087.60. This represents a 11.43% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of AMC Entertainment

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in AMC Entertainment by 13.1% in the third quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after acquiring an additional 5,793,996 shares in the last quarter. UBS Group AG boosted its holdings in AMC Entertainment by 4,537.9% in the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after acquiring an additional 22,694,842 shares in the last quarter. Geode Capital Management LLC boosted its holdings in AMC Entertainment by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock valued at $19,121,000 after acquiring an additional 1,029,668 shares in the last quarter. State Street Corp boosted its holdings in AMC Entertainment by 12.7% in the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock valued at $17,705,000 after acquiring an additional 1,278,974 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in AMC Entertainment by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after acquiring an additional 1,369,000 shares in the last quarter. 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.