AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Recommendation of “Reduce” from Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned a consensus rating of “Reduce” from the six analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $5.84.

A number of equities analysts have recently issued reports on AMC shares. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Monday, August 5th. Morgan Stanley dropped their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Wedbush reissued a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th. Finally, Macquarie raised their price target on AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 9th.

AMC Entertainment Stock Down 3.4 %

AMC opened at $4.41 on Friday. The business has a 50 day moving average price of $4.58 and a two-hundred day moving average price of $4.59. The company has a market cap of $1.59 billion, a PE ratio of -3.00 and a beta of 1.80. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) EPS for the quarter, meeting the consensus estimate of ($0.43). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. The firm’s revenue was down 23.1% on a year-over-year basis. As a group, sell-side analysts expect that AMC Entertainment will post -1.34 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in AMC. Skylands Capital LLC purchased a new stake in AMC Entertainment during the second quarter valued at about $50,000. Creative Planning acquired a new position in shares of AMC Entertainment during the third quarter worth about $48,000. Amalgamated Bank lifted its stake in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of AMC Entertainment during the third quarter worth about $55,000. Finally, Private Advisor Group LLC lifted its stake in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after purchasing an additional 3,237 shares in the last quarter. Hedge funds and other 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.