AMC Entertainment (NYSE:AMC) Share Price Passes Above 50 Day Moving Average – Should You Sell?

AMC Entertainment Holdings, Inc. (NYSE:AMC)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.38 and traded as high as $1.60. AMC Entertainment shares last traded at $1.5750, with a volume of 18,744,561 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. B. Riley Financial reiterated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, April 17th. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th. Citigroup increased their price objective on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research report on Thursday, May 7th. Finally, Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, AMC Entertainment has an average rating of “Hold” and an average target price of $2.24.

AMC Entertainment Stock Performance

The firm’s 50 day simple moving average is $1.40 and its 200-day simple moving average is $1.56.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $979.19 million. During the same quarter in the prior year, the business posted ($0.58) earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.41 earnings per share for the current year.

Insider Transactions at AMC Entertainment

In other news, CEO Adam M. Aron bought 250,000 shares of the business’s stock in a transaction on 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 purchase, the chief executive officer directly owned 2,437,020 shares in the company, 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. 0.43% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AMC Entertainment

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake 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 worth $25,000 after acquiring an additional 7,496 shares during the last quarter. Triumph Capital Management increased its stake in shares of AMC Entertainment by 139.0% in the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after acquiring an additional 11,050 shares during the last quarter. Royal Bank of Canada increased its stake in shares of AMC Entertainment by 90.7% in the first quarter. Royal Bank of Canada now owns 33,657 shares of the company’s stock worth $33,000 after acquiring an additional 16,011 shares during the last quarter. Pitcairn Co. acquired a new position in shares of AMC Entertainment in the second quarter worth $34,000. Finally, Powell Investment Advisors LLC acquired a new position in shares of AMC Entertainment in the fourth quarter worth $39,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.