Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Price Target at $3.33

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned a consensus rating of “Reduce” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $3.2583.

A number of research analysts have recently commented on AMC shares. Wall Street Zen lowered AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. Zacks Research lowered shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Citigroup cut their target price on AMC Entertainment from $2.70 to $2.30 and set a “sell” rating for the company in a research report on Thursday.

Hedge Funds Weigh In On AMC Entertainment

Large investors have recently made changes to their positions in the business. UBS Group AG grew its position in AMC Entertainment by 4,537.9% during the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock worth $67,265,000 after purchasing an additional 22,694,842 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of AMC Entertainment by 17,925.0% during the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock valued at $37,195,000 after buying an additional 11,931,950 shares in the last quarter. Vanguard Group Inc. raised its position in AMC Entertainment by 16.2% during the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company’s stock valued at $122,882,000 after buying an additional 5,961,337 shares during the period. GMT Capital Corp acquired a new position in AMC Entertainment during the first quarter valued at $5,212,000. Finally, Jump Financial LLC purchased a new stake in AMC Entertainment in the 3rd quarter worth about $4,827,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Down 4.7%

Shares of NYSE:AMC opened at $2.35 on Tuesday. The firm’s 50 day moving average is $2.77 and its two-hundred day moving average is $2.94. The firm has a market capitalization of $1.20 billion, a P/E ratio of -2.63 and a beta of 1.05. AMC Entertainment has a 52 week low of $2.33 and a 52 week high of $5.56.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 5th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted ($0.04) EPS. AMC Entertainment’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts predict that AMC Entertainment will post -1.38 EPS for the current year.

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.