AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $4.26 Consensus PT from Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received a consensus recommendation of “Reduce” from the eight analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.26.

A number of equities research analysts recently weighed in on AMC shares. Citigroup restated a “sell” rating and set a $2.60 price objective (up previously from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th. Roth Mkm reduced their price target on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Macquarie reiterated a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. Wall Street Zen upgraded shares of AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd.

Institutional Trading of AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Vanguard Group Inc. increased its position in AMC Entertainment by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company’s stock valued at $122,882,000 after buying an additional 5,961,337 shares in the last quarter. GMT Capital Corp acquired a new position in shares of AMC Entertainment during the first quarter worth approximately $5,212,000. Marshall Wace LLP lifted its holdings in shares of AMC Entertainment by 85.4% in the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock worth $11,151,000 after purchasing an additional 1,290,376 shares in the last quarter. JPMorgan Chase & Co. grew its position in AMC Entertainment by 91.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company’s stock valued at $9,009,000 after purchasing an additional 1,081,464 shares during the period. Finally, Nuveen LLC bought a new stake in AMC Entertainment during the 1st quarter valued at $2,736,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Trading Down 0.5%

AMC stock opened at $3.14 on Friday. The firm has a 50-day moving average price of $3.00 and a 200-day moving average price of $3.33. AMC Entertainment has a 12 month low of $2.45 and a 12 month high of $5.76. The stock has a market capitalization of $1.35 billion, a P/E ratio of -1.95 and a beta of 1.50.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.03. The company had revenue of $862.50 million for the quarter, compared to the consensus estimate of $983.23 million. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.62) EPS. As a group, equities analysts predict that AMC Entertainment will post -1.38 EPS for the current fiscal 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.