AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $5.44 Consensus Target Price from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been given an average rating of “Reduce” by the six ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.44.

Several research analysts recently commented on AMC shares. Macquarie reaffirmed an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley reduced their price target 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. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, StockNews.com raised AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th.

Institutional Investors Weigh In On AMC Entertainment

Several large investors have recently added to or reduced their stakes in the business. KBC Group NV purchased a new stake in shares of AMC Entertainment in the 3rd quarter valued at about $37,000. Creative Planning bought a new position in shares of AMC Entertainment in the third quarter worth approximately $48,000. Amalgamated Bank raised its stake in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in AMC Entertainment during the third quarter valued at approximately $55,000. Finally, Traphagen Investment Advisors LLC bought a new stake in AMC Entertainment during the fourth quarter valued at approximately $64,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $3.50 on Wednesday. The stock has a market capitalization of $1.31 billion, a PE ratio of -2.17 and a beta of 1.92. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The business’s fifty day moving average price is $4.28 and its 200-day moving average price is $4.61.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. AMC Entertainment’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the company earned ($0.09) earnings per share. As a group, equities analysts expect that AMC Entertainment will post -1.41 EPS 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.