Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Target Price at $5.70

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have received a consensus rating of “Strong Sell” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.70.

A number of brokerages have issued reports on AMC. Macquarie lifted their price objective on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research note on Tuesday, July 9th. Morgan Stanley lowered 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 restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Monday, August 5th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of AMC Entertainment by 48.3% during the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock worth $123,548,000 after acquiring an additional 6,577,228 shares during the last quarter. Norges Bank bought a new position in AMC Entertainment in the 4th quarter worth $12,605,000. Renaissance Technologies LLC lifted its position in AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock valued at $51,223,000 after purchasing an additional 1,585,430 shares in the last quarter. Marshall Wace LLP bought a new stake in AMC Entertainment during the second quarter valued at about $6,775,000. Finally, SG Americas Securities LLC increased its position in AMC Entertainment by 1,894.0% in the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after buying an additional 1,064,805 shares in the last quarter. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Price Performance

NYSE:AMC opened at $4.96 on Thursday. The firm’s 50-day moving average price is $5.05 and its 200-day moving average price is $4.47. The company has a market capitalization of $1.79 billion, a PE ratio of -3.91 and a beta of 1.81. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.43). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The business’s revenue was down 23.1% compared to the same quarter last year. Equities analysts anticipate that AMC Entertainment will post -1.36 EPS for the current fiscal 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.