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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received a consensus rating of “Reduce” from the eight analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $2.66.

Several research firms have recently weighed in on AMC. Zacks Research lowered AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Wall Street Zen cut AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Citigroup reissued a “sell” rating and set a $1.30 price objective (down from $2.30) on shares of AMC Entertainment in a report on Monday, January 12th. Macquarie Infrastructure reduced their target price on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st.

AMC Entertainment Stock Up 0.4%

NYSE AMC opened at $1.26 on Thursday. AMC Entertainment has a twelve month low of $1.21 and a twelve month high of $4.08. The stock has a market cap of $644.93 million, a P/E ratio of -0.89 and a beta of 1.77. The company’s 50-day simple moving average is $1.56 and its 200 day simple moving average is $2.30.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of AMC. Vanguard Group Inc. increased its stake in shares of AMC Entertainment by 13.1% in the 3rd quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after acquiring an additional 5,793,996 shares during the last quarter. UBS Group AG grew its holdings in AMC Entertainment by 4,537.9% during the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after purchasing an additional 22,694,842 shares during the period. Geode Capital Management LLC grew its holdings in AMC Entertainment by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 12,254,550 shares of the company’s stock valued at $19,121,000 after purchasing an additional 1,029,668 shares during the period. Marshall Wace LLP increased its stake in AMC Entertainment by 17,925.0% in the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock valued at $37,195,000 after purchasing an additional 11,931,950 shares in the last quarter. Finally, State Street Corp increased its stake in AMC Entertainment by 12.7% in the fourth quarter. State Street Corp now owns 11,349,046 shares of the company’s stock valued at $17,705,000 after purchasing an additional 1,278,974 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

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.