AMC Entertainment (NYSE:AMC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.47 and traded as low as $3.08. AMC Entertainment shares last traded at $3.12, with a volume of 8,548,084 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. B. Riley lowered their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Macquarie reaffirmed an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $5.44.

AMC Entertainment Stock Performance

The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -1.93 and a beta of 1.92. The stock’s fifty day moving average is $4.05 and its two-hundred day moving average is $4.47.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted ($0.09) EPS. The company’s revenue was down 4.1% compared to the same quarter last year. Sell-side analysts anticipate that AMC Entertainment Holdings, Inc. will post -1.41 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

Large investors have recently bought and sold shares of the business. Amalgamated Bank increased its position in shares of AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares during the period. Private Advisor Group LLC boosted its holdings in shares of AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after buying an additional 3,237 shares during the period. Victory Capital Management Inc. grew its stake in shares of AMC Entertainment by 20.1% in the third quarter. Victory Capital Management Inc. now owns 45,711 shares of the company’s stock worth $208,000 after acquiring an additional 7,661 shares during the last quarter. Waldron Private Wealth LLC increased its position in shares of AMC Entertainment by 47.5% during the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company’s stock valued at $115,000 after purchasing an additional 8,102 shares during the period. Finally, KBC Group NV acquired a new position in AMC Entertainment during the third quarter worth $37,000. Institutional investors 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.