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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has earned a consensus rating of “Reduce” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.2583.

A number of equities analysts recently issued reports on the stock. Zacks Research downgraded shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Wall Street Zen cut AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, Citigroup reduced their price target on AMC Entertainment from $2.70 to $2.30 and set a “sell” rating on the stock in a research note on Thursday, November 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp lifted its position in AMC Entertainment by 761.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after acquiring an additional 7,496 shares during the period. Total Investment Management Inc. bought a new position in shares of AMC Entertainment during the second quarter valued at approximately $27,000. Gradient Capital Advisors LLC purchased a new position in shares of AMC Entertainment during the third quarter valued at approximately $29,000. Sovereign Financial Group Inc. purchased a new position in shares of AMC Entertainment during the second quarter valued at approximately $32,000. Finally, CFO4Life Group LLC bought a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $33,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Stock Down 0.9%

Shares of AMC stock opened at $1.62 on Wednesday. The firm has a market capitalization of $828.40 million, a price-to-earnings ratio of -1.15 and a beta of 0.53. The stock has a fifty day moving average of $2.23 and a 200 day moving average of $2.71. AMC Entertainment has a 52 week low of $1.60 and a 52 week high of $4.13.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current year.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.