AMC Entertainment (NYSE:AMC) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

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 $2.32 and traded as low as $1.23. AMC Entertainment shares last traded at $1.2350, with a volume of 49,570,991 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen cut AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Macquarie Infrastructure lowered their price target on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Citigroup restated a “sell” rating and issued a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a research note on Monday, January 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Finally, Zacks Research cut shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $2.66.

AMC Entertainment Price Performance

The stock has a market capitalization of $634.65 million, a price-to-earnings ratio of -0.88 and a beta of 1.77. The firm has a 50 day simple moving average of $1.60 and a 200-day simple moving average of $2.32.

Institutional Trading of AMC Entertainment

Several large investors have recently added to or reduced their stakes in AMC. Jones Financial Companies Lllp increased its holdings in shares of AMC Entertainment by 761.8% during the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after buying an additional 7,496 shares in the last quarter. Total Investment Management Inc. bought a new stake in AMC Entertainment during the 2nd quarter worth approximately $27,000. Gradient Capital Advisors LLC bought a new stake in AMC Entertainment during the 3rd quarter worth approximately $29,000. Triumph Capital Management increased its holdings in AMC Entertainment by 139.0% during the 4th quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after purchasing an additional 11,050 shares in the last quarter. Finally, CFO4Life Group LLC bought a new position in AMC Entertainment in the 2nd quarter valued at $33,000. 28.80% of the stock is owned by 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.