AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Rating of “Reduce” by Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.44.

A number of research analysts recently weighed in on the stock. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday. B. Riley lowered their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday. Morgan Stanley lowered their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Finally, Wedbush restated a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th.

AMC Entertainment Stock Down 6.2 %

Shares of AMC opened at $4.30 on Friday. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88. The company has a market capitalization of $1.55 billion, a P/E ratio of -2.92 and a beta of 1.83. The firm has a 50 day moving average of $4.51 and a 200 day moving average of $4.65.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned ($0.09) EPS. The company’s revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts expect that AMC Entertainment will post -1.36 EPS for the current year.

Institutional Trading of AMC Entertainment

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of AMC Entertainment by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after buying an additional 4,617,007 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of AMC Entertainment by 18.2% during the 2nd quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock valued at $51,223,000 after buying an additional 1,585,430 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of AMC Entertainment during the 2nd quarter valued at about $6,775,000. SG Americas Securities LLC raised its position in shares of AMC Entertainment by 1,894.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after buying an additional 1,064,805 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of AMC Entertainment by 92.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock valued at $5,411,000 after buying an additional 522,063 shares in the last quarter. Hedge funds and other 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.