AMC Entertainment (NYSE:AMC) Shares Gap Down – Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $2.76, but opened at $2.11. AMC Entertainment shares last traded at $2.0950, with a volume of 31,944,251 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMC. Benchmark upgraded shares of AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Wednesday, May 6th. 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 report on Thursday, May 7th. 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. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a report on Monday, April 20th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of AMC Entertainment in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, AMC Entertainment currently has an average rating of “Hold” and a consensus price target of $2.24.

AMC Entertainment Stock Down 25.7%

The stock has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $1.55. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -1.90 and a beta of 2.22.

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

Insider Activity

In other AMC Entertainment news, CEO Adam M. Aron bought 250,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were bought at an average cost of $1.38 per share, with a total value of $345,000.00. Following the completion of the acquisition, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at $3,363,087.60. This trade represents a 11.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.43% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AMC Entertainment

Large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its holdings in AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after acquiring an additional 7,496 shares in the last quarter. Pitcairn Co. bought a new position in shares of AMC Entertainment in the second quarter worth $34,000. One Capital Management LLC acquired a new position in AMC Entertainment in the third quarter valued at about $44,000. Swiss Life Asset Management Ltd raised its stake in AMC Entertainment by 59.5% in the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after purchasing an additional 6,536 shares in the last quarter. Finally, Triumph Capital Management lifted its position in AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares during the period. Institutional investors and hedge funds 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.