Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $5.44

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned an average recommendation of “Reduce” from the six analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.44.

Several equities analysts recently issued reports on AMC shares. Wedbush reissued a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. B. Riley reduced their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Morgan Stanley dropped their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 12th.

AMC Entertainment Price Performance

NYSE:AMC opened at $4.97 on Tuesday. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -3.09 and a beta of 1.83. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88. The company’s 50-day moving average is $4.43 and its two-hundred day moving average is $4.79.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned ($0.09) EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities analysts anticipate that AMC Entertainment will post -1.42 earnings per share for the current fiscal year.

Institutional Trading of AMC Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its position in shares of AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of AMC Entertainment by 27.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after purchasing an additional 3,237 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of AMC Entertainment by 10.3% in the 2nd quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock valued at $189,000 after purchasing an additional 3,553 shares during the period. Waldron Private Wealth LLC grew its stake in AMC Entertainment by 47.0% during the 2nd quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock worth $85,000 after buying an additional 5,459 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in AMC Entertainment by 14.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after buying an additional 5,902 shares during the last quarter. Institutional investors and hedge funds 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.