AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $2.66 Average Target Price from Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) has been assigned an average rating of “Reduce” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $2.66.

Several brokerages have recently issued reports on AMC. Citigroup restated a “sell” rating and set a $1.30 target price (down from $2.30) on shares of AMC Entertainment in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Macquarie Infrastructure dropped their target price on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Wall Street Zen downgraded AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Finally, Zacks Research downgraded AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th.

Get Our Latest Stock Analysis on AMC Entertainment

Hedge Funds Weigh In On AMC Entertainment

Large investors have recently made changes to their positions in the company. Marshall Wace LLP grew its holdings in shares of AMC Entertainment by 17,925.0% in the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock worth $37,195,000 after purchasing an additional 11,931,950 shares during the last quarter. Geode Capital Management LLC boosted its position in AMC Entertainment by 10.6% in the 2nd quarter. Geode Capital Management LLC now owns 10,253,501 shares of the company’s stock valued at $31,790,000 after buying an additional 982,532 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in AMC Entertainment in the 2nd quarter valued at about $42,000. Foundations Investment Advisors LLC bought a new position in AMC Entertainment in the 2nd quarter worth about $127,000. Finally, Quadrature Capital Ltd purchased a new position in shares of AMC Entertainment during the second quarter worth approximately $744,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Stock Performance

NYSE AMC opened at $1.16 on Thursday. The stock has a 50 day moving average price of $1.51 and a 200-day moving average price of $2.26. AMC Entertainment has a one year low of $1.15 and a one year high of $4.08. The company has a market capitalization of $593.54 million, a P/E ratio of -0.82 and a beta of 1.77.

AMC Entertainment (NYSE:AMCGet Free Report) last released its quarterly earnings results on Saturday, January 31st. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $1.29 billion for the quarter. As a group, equities analysts predict that AMC Entertainment will post -1.38 EPS for the current fiscal year.

Key Headlines Impacting AMC Entertainment

Here are the key news stories impacting AMC Entertainment this week:

AMC Entertainment Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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