AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $6.35 Average Price Target from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average rating of “Strong Sell” by the five ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $6.35.

A number of brokerages recently issued reports on AMC. B. Riley dropped their target price on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Wedbush reiterated a “neutral” rating and set a $6.00 target price on shares of AMC Entertainment in a research report on Friday, February 23rd.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $2.97 on Monday. 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 $780.63 million, a price-to-earnings ratio of -1.27 and a beta of 1.62. The firm has a fifty day moving average of $4.03 and a 200-day moving average of $5.99.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. On average, sell-side analysts predict that AMC Entertainment will post -1.7 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. SG Americas Securities LLC boosted its stake in shares of AMC Entertainment by 3,234.8% in the 3rd quarter. SG Americas Securities LLC now owns 1,274,309 shares of the company’s stock valued at $10,182,000 after purchasing an additional 1,236,097 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of AMC Entertainment by 935.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock valued at $6,506,000 after purchasing an additional 735,666 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of AMC Entertainment in the 3rd quarter valued at about $5,582,000. HBK Sorce Advisory LLC boosted its stake in shares of AMC Entertainment by 31.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock valued at $168,000 after purchasing an additional 6,525 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of AMC Entertainment in the 4th quarter valued at approximately $459,000. Institutional investors 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.