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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received an average rating of “Reduce” from the six research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.44.

AMC has been the topic of a number of recent research reports. Wedbush restated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Monday, August 5th. Macquarie reissued an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. Morgan Stanley cut their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Finally, B. Riley dropped their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMC. Vanguard Group Inc. grew its holdings in AMC Entertainment by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after buying an additional 4,617,007 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of AMC Entertainment by 153.4% in the third 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. Renaissance Technologies LLC grew its stake in shares of AMC Entertainment by 18.2% in the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock worth $51,223,000 after acquiring an additional 1,585,430 shares during the last quarter. Marshall Wace LLP bought a new position in AMC Entertainment during the second quarter worth $6,775,000. Finally, SG Americas Securities LLC raised its stake in AMC Entertainment by 1,894.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after purchasing an additional 1,064,805 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Stock Performance

Shares of AMC opened at $4.86 on Tuesday. The company has a market capitalization of $1.83 billion, a PE ratio of -3.02 and a beta of 1.83. The company’s 50 day moving average price is $4.43 and its 200 day moving average price is $4.76. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88.

AMC Entertainment (NYSE:AMC) last issued 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned ($0.09) EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities analysts forecast that AMC Entertainment will post -1.42 earnings per share for the current fiscal year.

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.