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

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has received a consensus rating of "Reduce" from the eight brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $4.22.

A number of analysts have recently commented on the company. Macquarie restated a "neutral" rating and issued a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, February 26th. B. Riley assumed coverage on AMC Entertainment in a research report on Friday, May 16th. They issued a "neutral" rating and a $3.00 price objective for the company. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a report on Tuesday, February 4th. Finally, Wall Street Zen raised shares of AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd.

Institutional Trading of AMC Entertainment

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of AMC Entertainment by 16.2% in the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company's stock worth $122,882,000 after buying an additional 5,961,337 shares in the last quarter. Geode Capital Management LLC grew its position in shares of AMC Entertainment by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company's stock valued at $32,927,000 after purchasing an additional 223,877 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of AMC Entertainment by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,074,378 shares of the company's stock valued at $11,693,000 after purchasing an additional 41,859 shares in the last quarter. Northern Trust Corp grew its position in shares of AMC Entertainment by 6.7% in the first quarter. Northern Trust Corp now owns 3,540,656 shares of the company's stock valued at $10,162,000 after purchasing an additional 222,375 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of AMC Entertainment by 85.4% in the fourth quarter. Marshall Wace LLP now owns 2,801,788 shares of the company's stock valued at $11,151,000 after purchasing an additional 1,290,376 shares in the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Up 0.4%

Shares of NYSE:AMC traded up $0.01 during trading on Tuesday, hitting $3.25. 14,653,531 shares of the stock traded hands, compared to its average volume of 14,877,171. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -2.02 and a beta of 1.41. The company has a fifty day moving average price of $2.83 and a two-hundred day moving average price of $3.47. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $5.96.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.03. The firm had revenue of $862.50 million for the quarter, compared to analysts' expectations of $983.23 million. During the same period in the previous year, the company earned ($0.62) earnings per share. The company's revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts predict that AMC Entertainment will post -1.38 EPS for the current fiscal year.

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.