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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have received a consensus recommendation of “Reduce” from the eight analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $3.3250.

AMC has been the subject of several research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, October 8th. Wedbush upgraded AMC Entertainment from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $3.00 to $4.00 in a research note on Friday, July 11th. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Citigroup increased their price target on AMC Entertainment from $2.60 to $2.70 and gave the stock a “sell” rating in a research note on Tuesday, August 19th.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $2.74 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of -3.07 and a beta of 1.25. AMC Entertainment has a 1 year low of $2.45 and a 1 year high of $5.56. The business has a fifty day moving average price of $2.86 and a two-hundred day moving average price of $2.97.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.36). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.30 billion. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.43) EPS. Sell-side analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current year.

Institutional Trading of AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in AMC. Total Investment Management Inc. purchased a new stake in AMC Entertainment during the 2nd quarter worth about $27,000. Ground Swell Capital LLC purchased a new stake in AMC Entertainment during the 1st quarter worth about $30,000. Sovereign Financial Group Inc. purchased a new stake in AMC Entertainment during the 2nd quarter worth about $32,000. CFO4Life Group LLC purchased a new stake in AMC Entertainment during the 2nd quarter worth about $33,000. Finally, May Hill Capital LLC purchased a new stake in AMC Entertainment during the 2nd quarter worth about $34,000. 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.