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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average recommendation of “Reduce” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $2.66.

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday. Zacks Research downgraded shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Macquarie dropped their price objective on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Wall Street Zen downgraded AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, Citigroup reaffirmed a “sell” rating and issued a $1.30 target price (down from $2.30) on shares of AMC Entertainment in a research report on Monday, January 12th.

AMC Entertainment Price Performance

Shares of NYSE:AMC opened at $1.57 on Friday. The business’s 50-day moving average is $1.88 and its 200-day moving average is $2.53. AMC Entertainment has a 1 year low of $1.44 and a 1 year high of $4.08. The company has a market capitalization of $802.75 million, a price-to-earnings ratio of -1.11 and a beta of 0.72.

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

Hedge Funds Weigh In On AMC Entertainment

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

About AMC Entertainment

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.