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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given a consensus recommendation of “Reduce” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.44.

Several equities analysts have recently weighed in on the company. Macquarie reaffirmed an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. B. Riley reduced 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 research note on Tuesday, November 12th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th.

AMC Entertainment Stock Down 7.7 %

NYSE:AMC opened at $3.24 on Wednesday. The company has a market cap of $1.22 billion, a P/E ratio of -2.01 and a beta of 1.92. The firm’s 50 day moving average is $4.33 and its two-hundred day moving average is $4.63. 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 issued 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 firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Research analysts forecast that AMC Entertainment will post -1.41 earnings per share for the current fiscal year.

Institutional Trading of AMC Entertainment

Several large investors have recently bought and sold shares of AMC. KBC Group NV acquired a new position in shares of AMC Entertainment during the third quarter worth $37,000. Creative Planning purchased a new stake in AMC Entertainment during the 3rd quarter worth $48,000. Amalgamated Bank lifted its holdings 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 buying an additional 2,771 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment in the 3rd quarter valued at about $55,000. Finally, Private Advisor Group LLC boosted its position in 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 buying an additional 3,237 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.