AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Recommendation of “Reduce” by Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received a consensus rating of “Reduce” from the six analysts that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.44.

AMC has been the subject of several recent analyst reports. Macquarie reissued an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. Wedbush reiterated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Monday, August 5th. B. Riley dropped their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley dropped their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV purchased a new stake in AMC Entertainment during the third quarter valued at about $37,000. Creative Planning purchased a new stake in shares of AMC Entertainment in the 3rd quarter valued at approximately $48,000. Skylands Capital LLC purchased a new stake in shares of AMC Entertainment in the 2nd quarter valued at approximately $50,000. Amalgamated Bank boosted its stake in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares during the period. Finally, Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Up 6.8 %

Shares of NYSE:AMC opened at $4.86 on Tuesday. The company’s 50-day moving average price is $4.43 and its 200 day moving average price is $4.76. The company has a market cap of $1.83 billion, a PE ratio of -3.02 and a beta of 1.83. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

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

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.