AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $5.37 Consensus Target Price from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received a consensus rating of “Strong Sell” from the six ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $5.37.

AMC has been the topic of a number of research analyst reports. Macquarie boosted their price objective on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Tuesday, July 9th. Wedbush boosted their price objective on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Citigroup boosted their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a report on Tuesday, May 14th.

AMC Entertainment Stock Up 0.8 %

Shares of NYSE:AMC opened at $5.18 on Wednesday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -4.08 and a beta of 1.84. The firm’s 50-day simple moving average is $4.97 and its 200-day simple moving average is $4.32. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $54.60.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The firm had revenue of $951.40 million for the quarter, compared to analyst estimates of $951.40 million. On average, research analysts forecast that AMC Entertainment will post -0.48 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMC. HB Wealth Management LLC acquired a new position in AMC Entertainment during the fourth quarter worth about $95,000. Oak Thistle LLC acquired a new position in shares of AMC Entertainment in the fourth quarter valued at approximately $459,000. Arizona State Retirement System raised its position in shares of AMC Entertainment by 38.5% in the fourth quarter. Arizona State Retirement System now owns 55,449 shares of the company’s stock valued at $339,000 after buying an additional 15,406 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of AMC Entertainment by 31.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock valued at $168,000 after buying an additional 6,525 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AMC Entertainment by 116.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,326 shares of the company’s stock valued at $247,000 after buying an additional 21,734 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

About AMC Entertainment

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.