AMC Entertainment (NYSE:AMC) Stock Price Up 3.1%

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price rose 3.1% on Friday . The stock traded as high as $3.03 and last traded at $3.01. Approximately 2,030,237 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 15,129,838 shares. The stock had previously closed at $2.92.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. B. Riley reduced their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Wedbush reduced their price objective on shares of AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday. Four analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $5.95.

AMC Entertainment Stock Up 8.2 %

The firm has a market cap of $831.96 million, a price-to-earnings ratio of -1.34 and a beta of 1.62. The stock has a 50 day moving average of $3.97 and a 200 day moving average of $5.90.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. As a group, analysts predict that AMC Entertainment Holdings, Inc. will post -1.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of AMC Entertainment by 417.6% during the first quarter. Covestor Ltd now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 856 shares during the last quarter. KBC Group NV bought a new stake in shares of AMC Entertainment during the fourth quarter worth about $30,000. Russell Investments Group Ltd. bought a new stake in shares of AMC Entertainment during the fourth quarter worth about $34,000. Quantamental Technologies LLC bought a new stake in shares of AMC Entertainment during the first quarter worth about $212,000. Finally, XTX Topco Ltd bought a new stake in shares of AMC Entertainment during the first quarter worth about $232,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.