AMC Entertainment (NYSE:AMC) Trading Down 8.7%

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 8.7% during mid-day trading on Thursday . The company traded as low as $4.56 and last traded at $4.62. 40,894,170 shares were traded during trading, an increase of 18% from the average session volume of 34,606,406 shares. The stock had previously closed at $5.06.

Wall Street Analysts Forecast Growth

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

AMC Entertainment Price Performance

The stock’s 50 day moving average is $3.66 and its two-hundred day moving average is $4.92.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts expect that AMC Entertainment Holdings, Inc. will post -0.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AMC. Public Employees Retirement System of Ohio increased its position in shares of AMC Entertainment by 14.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 95,472 shares of the company’s stock worth $355,000 after purchasing an additional 11,760 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AMC Entertainment by 24.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock worth $245,000 after buying an additional 12,975 shares in the last quarter. Boulder Hill Capital Management LP bought a new position in shares of AMC Entertainment in the first quarter valued at approximately $2,842,000. Vanguard Group Inc. boosted its holdings in shares of AMC Entertainment by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after acquiring an additional 4,617,007 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its position in AMC Entertainment by 61.9% during the 1st quarter. HBK Sorce Advisory LLC now owns 44,459 shares of the company’s stock worth $165,000 after acquiring an additional 17,000 shares during the last quarter. 28.80% of the stock is owned by institutional investors.

About AMC Entertainment

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.