AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Average Rating of “Strong Sell” by Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received an average recommendation of “Strong Sell” from the five research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.54.

A number of research firms have recently commented on AMC. Wedbush dropped their target price on AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Citigroup raised their target price on AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research report on Tuesday, May 14th.

AMC Entertainment Price Performance

Shares of AMC stock opened at $4.98 on Friday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -3.92 and a beta of 1.70. The business has a fifty day moving average of $4.38 and a 200 day moving average of $4.47. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $62.30.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $951.40 million during the quarter, compared to the consensus estimate of $951.40 million. As a group, equities research analysts expect that AMC Entertainment will post -0.84 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently modified their holdings of the business. Algert Global LLC acquired a new position in shares of AMC Entertainment during the third quarter worth $365,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of AMC Entertainment during the third quarter worth $1,060,000. Qube Research & Technologies Ltd grew its stake in shares of AMC Entertainment by 935.5% during the third quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock worth $6,506,000 after purchasing an additional 735,666 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of AMC Entertainment during the third quarter worth $1,378,000. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of AMC Entertainment by 103.7% during the third quarter. Adage Capital Partners GP L.L.C. now owns 42,150 shares of the company’s stock worth $337,000 after purchasing an additional 1,178,950 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

About AMC Entertainment

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.