AMC Entertainment (NYSE:AMC) Shares Down 6.8% – Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC) fell 6.8% during mid-day trading on Monday . The company traded as low as $2.40 and last traded at $2.4150. 5,900,801 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 39,130,070 shares. The stock had previously closed at $2.59.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Texas Capital raised AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. UBS Group reiterated a “buy” rating on shares of AMC Entertainment in a research report on Tuesday, July 21st. Citigroup reiterated a “sell” rating on shares of AMC Entertainment in a research report on Tuesday, July 21st. Finally, Needham & Company LLC set a $3.50 price objective on AMC Entertainment in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.53.

AMC Entertainment Stock Performance

The firm’s 50 day moving average price is $2.24 and its two-hundred day moving average price is $1.67. The company has a market cap of $2.14 billion, a P/E ratio of -2.24 and a beta of 2.06.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.17. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, analysts forecast that AMC Entertainment Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Insider Buying and Selling at AMC Entertainment

In related news, CEO Adam M. Aron acquired 250,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of $1.38 per share, with a total value of $345,000.00. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in AMC Entertainment by 4,537.9% during the 3rd 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. Jump Financial LLC purchased a new position in AMC Entertainment during the 3rd quarter worth $4,827,000. JPMorgan Chase & Co. grew its stake in shares of AMC Entertainment by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock worth $4,868,000 after acquiring an additional 1,457,493 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of AMC Entertainment by 20.6% in the 4th quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock worth $12,495,000 after acquiring an additional 1,369,000 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of 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 purchasing an additional 1,278,974 shares during the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Company Profile

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.