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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned a consensus rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.44.

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

Institutional Trading of AMC Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. KBC Group NV acquired a new position in AMC Entertainment during the 3rd quarter valued at approximately $37,000. Creative Planning acquired a new stake in AMC Entertainment in the third quarter worth $48,000. Amalgamated Bank lifted its stake in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after buying an additional 2,771 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of AMC Entertainment during the third quarter valued at $55,000. Finally, Private Advisor Group LLC grew its position in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after acquiring an additional 3,237 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Trading Down 7.7 %

AMC stock opened at $3.24 on Wednesday. The firm has a 50 day simple moving average of $4.33 and a 200-day simple moving average of $4.63. The company has a market capitalization of $1.22 billion, a P/E ratio of -2.01 and a beta of 1.92. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) earnings per share. On average, research analysts predict that AMC Entertainment will post -1.41 EPS 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.