Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Price Target at $5.44

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have received a consensus recommendation of “Reduce” from the six analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.44.

AMC has been the topic of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. B. Riley cut their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Macquarie reissued an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th. Finally, StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $3.49 on Wednesday. The business has a 50-day moving average of $4.26 and a 200-day moving average of $4.59. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -2.16 and a beta of 1.92. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) EPS. On average, sell-side analysts expect that AMC Entertainment will post -1.41 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of large investors have recently made changes to their positions in AMC. Amalgamated Bank boosted its stake in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares during the period. Private Advisor Group LLC boosted its position in shares of AMC Entertainment by 27.5% in the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after acquiring an additional 3,237 shares during the period. Victory Capital Management Inc. grew its stake in shares of AMC Entertainment by 10.3% in the second quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock valued at $189,000 after acquiring an additional 3,553 shares in the last quarter. Waldron Private Wealth LLC increased its position in AMC Entertainment by 47.5% during the third quarter. Waldron Private Wealth LLC now owns 25,173 shares of the company’s stock worth $115,000 after acquiring an additional 8,102 shares during the period. Finally, KBC Group NV acquired a new stake in AMC Entertainment in the 3rd quarter worth about $37,000. 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.