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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned a consensus rating of “Reduce” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.44.

Several research firms have recently commented on AMC. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. B. Riley dropped their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Macquarie reiterated an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th.

AMC Entertainment Stock Down 1.5 %

Shares of AMC Entertainment stock opened at $4.06 on Friday. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88. The stock has a market capitalization of $1.53 billion, a P/E ratio of -2.52 and a beta of 1.85. The company has a 50-day simple moving average of $4.47 and a 200 day simple moving average of $4.73.

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

Hedge Funds Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in shares of AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock worth $51,223,000 after buying an additional 1,585,430 shares in the last quarter. Geode Capital Management LLC boosted its position in AMC Entertainment by 12.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock worth $36,622,000 after buying an additional 866,757 shares during the period. State Street Corp grew its holdings in AMC Entertainment by 14.6% during the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company’s stock worth $33,458,000 after acquiring an additional 936,618 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in AMC Entertainment by 153.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after acquiring an additional 2,243,052 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of AMC Entertainment during the second quarter valued at $6,775,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Company Profile

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.