AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Recommendation of “Strong Sell” by Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned an average recommendation of “Strong Sell” from the five analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.54.

A number of equities research analysts recently issued reports on AMC shares. Citigroup increased their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research report on Tuesday, May 14th. Wedbush dropped their target price on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Thursday, May 9th.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $5.05 on Friday. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $62.30. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -3.97 and a beta of 1.84. The firm has a fifty day moving average of $4.55 and a 200-day moving average of $4.41.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The firm had revenue of $951.40 million for the quarter, compared to the consensus estimate of $951.40 million. On average, sell-side analysts predict that AMC Entertainment will post -0.84 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in AMC Entertainment during the 4th quarter worth about $34,000. Mayflower Financial Advisors LLC bought a new position in shares of AMC Entertainment in the 1st quarter valued at about $37,000. Powell Investment Advisors LLC bought a new position in shares of AMC Entertainment in the 1st quarter valued at about $55,000. Tower Research Capital LLC TRC boosted its stake in shares of AMC Entertainment by 817.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after purchasing an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC bought a new position in shares of AMC Entertainment in the 4th quarter valued at about $71,000. Institutional investors own 28.80% of the company’s stock.

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.