AMC Entertainment (NYSE:AMC) Shares Gap Down to $3.41

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) gapped down prior to trading on Monday . The stock had previously closed at $3.41, but opened at $3.33. AMC Entertainment shares last traded at $3.11, with a volume of 4,458,270 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMC. Wedbush restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Monday. B. Riley cut their target price on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.95.

AMC Entertainment Stock Down 3.3 %

The company has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $5.56. The firm has a market cap of $771.41 million, a PE ratio of -1.25 and a beta of 1.62.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities analysts predict that AMC Entertainment Holdings, Inc. will post -1.61 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 the business. Vanguard Group Inc. increased its stake in AMC Entertainment by 48.3% in the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock worth $123,548,000 after acquiring an additional 6,577,228 shares during the last quarter. Norges Bank bought a new position in AMC Entertainment in the 4th quarter worth about $12,605,000. Quadrature Capital Ltd increased its stake in AMC Entertainment by 374.1% in the 4th quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock worth $5,003,000 after acquiring an additional 645,541 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in AMC Entertainment by 935.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock worth $6,506,000 after acquiring an additional 735,666 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in AMC Entertainment in the 3rd quarter worth about $5,582,000. 28.80% of the stock is currently owned by institutional investors.

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.