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

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

Several research analysts have commented on AMC shares. Macquarie reissued an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, November 13th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. B. Riley cut their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th.

Institutional Trading of AMC Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of AMC Entertainment by 153.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after buying an additional 2,243,052 shares during the period. Virtu Financial LLC acquired a new position in AMC Entertainment in the third quarter valued at approximately $893,000. Scientech Research LLC bought a new position in shares of AMC Entertainment during the second quarter valued at approximately $1,167,000. Bank of New York Mellon Corp raised its position in shares of AMC Entertainment by 92.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock worth $5,411,000 after purchasing an additional 522,063 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of AMC Entertainment by 174.6% in the 3rd quarter. MetLife Investment Management LLC now owns 192,826 shares of the company’s stock worth $877,000 after purchasing an additional 122,609 shares during the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Price Performance

AMC opened at $4.18 on Friday. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The business has a 50-day moving average of $4.47 and a two-hundred day moving average of $4.75. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.09) earnings per share. Equities research analysts anticipate that AMC Entertainment will post -1.41 earnings per share for the current year.

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.