AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $2.53 Average Price Target from Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have received an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $2.5286.

AMC has been the topic of several analyst reports. Zacks Research downgraded shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Citigroup reissued a “sell” rating on shares of AMC Entertainment in a research report on Tuesday, July 21st. Texas Capital upgraded shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Wedbush reaffirmed an “outperform” rating and issued a $4.00 price objective (up from $3.00) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Finally, Needham & Company LLC set a $3.50 target price on AMC Entertainment in a research note on Tuesday, July 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC increased its holdings in AMC Entertainment by 25.6% in the 2nd quarter. Tidal Investments LLC now owns 63,953 shares of the company’s stock worth $122,000 after buying an additional 13,028 shares in the last quarter. WINTON GROUP Ltd bought a new position in AMC Entertainment during the 2nd quarter valued at about $969,000. Integrated Wealth Concepts LLC lifted its stake in AMC Entertainment by 64.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 25,407 shares of the company’s stock valued at $48,000 after acquiring an additional 10,003 shares during the period. Arizona State Retirement System boosted its holdings in shares of AMC Entertainment by 73.5% during the 2nd quarter. Arizona State Retirement System now owns 246,581 shares of the company’s stock valued at $469,000 after acquiring an additional 104,441 shares during the last quarter. Finally, Corient Private Wealth LP purchased a new stake in shares of AMC Entertainment during the 2nd quarter valued at about $127,000. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $2.48 on Monday. The business has a fifty day moving average price of $2.42 and a 200-day moving average price of $1.85. The company has a market capitalization of $2.21 billion, a PE ratio of -2.31 and a beta of 2.01. AMC Entertainment has a 1-year low of $0.93 and a 1-year high of $3.18.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.17. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.50 billion. On average, sell-side analysts anticipate that AMC Entertainment will post -0.2 earnings per share for the current fiscal year.

AMC Entertainment Company Profile

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.