AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Rating of “Reduce” from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned an average rating of “Reduce” from the eight analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.26.

Several equities research analysts recently commented on the company. Citigroup reaffirmed a “sell” rating and issued a $2.60 price target (up previously from $2.30) on shares of AMC Entertainment in a report on Thursday, May 29th. Macquarie reaffirmed a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Wall Street Zen upgraded AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Finally, Roth Mkm cut their target price on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently modified their holdings of the company. Legacy Financial Strategies LLC acquired a new stake in shares of AMC Entertainment in the first quarter valued at $29,000. Ground Swell Capital LLC acquired a new stake in shares of AMC Entertainment in the first quarter valued at $30,000. Sterling Capital Management LLC grew its stake in shares of AMC Entertainment by 831.5% in the fourth quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock valued at $43,000 after buying an additional 9,679 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of AMC Entertainment in the first quarter valued at $36,000. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock valued at $63,000 after buying an additional 6,473 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Price Performance

NYSE AMC opened at $3.01 on Friday. The company has a market cap of $1.30 billion, a PE ratio of -3.07 and a beta of 1.50. The stock’s 50 day simple moving average is $3.01 and its 200-day simple moving average is $3.30. AMC Entertainment has a 1-year low of $2.45 and a 1-year high of $5.76.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.03. The firm had revenue of $862.50 million during the quarter, compared to analysts’ expectations of $983.23 million. During the same quarter last year, the business earned ($0.62) EPS. The business’s revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that AMC Entertainment will post -1.38 EPS for the current fiscal year.

AMC Entertainment Company Profile

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.