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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have earned a consensus recommendation of “Reduce” from the six brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.44.

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

AMC Entertainment Trading Up 2.2 %

NYSE AMC opened at $4.18 on Friday. The company has a 50-day moving average price of $4.47 and a two-hundred day moving average price of $4.75. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -2.60 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned ($0.09) earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities research analysts expect that AMC Entertainment will post -1.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV acquired a new position in shares of AMC Entertainment in the 3rd quarter worth approximately $37,000. Creative Planning acquired a new position in AMC Entertainment in the third quarter worth approximately $48,000. Skylands Capital LLC bought a new position in shares of AMC Entertainment in the second quarter valued at $50,000. Amalgamated Bank lifted its position in shares of AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after acquiring an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC bought a new stake in shares of AMC Entertainment during the 3rd quarter worth $55,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.