AMC Entertainment (NYSE:AMC) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.62 and traded as low as $1.24. AMC Entertainment shares last traded at $1.3750, with a volume of 20,438,161 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on AMC shares. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Monday, April 20th. Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup raised their target price on shares of AMC Entertainment from $1.10 to $1.20 and gave the stock a “sell” rating in a research note on Thursday, May 7th. 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. Finally, Roth Mkm restated a “neutral” rating and issued a $2.00 target price on shares of AMC Entertainment in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.34.

AMC Entertainment Price Performance

The company has a market capitalization of $841.60 million, a price-to-earnings ratio of -1.30 and a beta of 2.14. The firm’s 50-day simple moving average is $1.32 and its two-hundred day simple moving average is $1.62.

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

Institutional Trading of AMC Entertainment

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in shares of AMC Entertainment by 761.8% in the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after buying an additional 7,496 shares in the last quarter. Triumph Capital Management grew its stake in AMC Entertainment by 139.0% in the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after acquiring an additional 11,050 shares during the last quarter. Royal Bank of Canada grew its stake in AMC Entertainment by 90.7% in the 1st quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock valued at $33,000 after acquiring an additional 16,011 shares during the last quarter. Pitcairn Co. purchased a new position in AMC Entertainment during the 2nd quarter valued at about $34,000. Finally, Powell Investment Advisors LLC acquired a new position in AMC Entertainment during the fourth quarter worth about $39,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

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.