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

Key Points

• AMC Entertainment Holdings, Inc. has received an average analyst rating of “Reduce”, with two sell recommendations, five holds, and one buy from eight firms covering the stock.
• The company's most recent quarterly earnings report showed a loss of ($0.43) EPS, missing the consensus estimate significantly, although revenue was up 35.6% year-over-year.
• Institutional investors own approximately 28.80% of AMC's stock, with significant increases in holdings from firms like Marshall Wace LLP and Vanguard Group Inc.

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have received an average rating of "Reduce" from the eight ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $3.3250.

Several research analysts have recently commented on the company. Wedbush raised AMC Entertainment from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $3.00 to $4.00 in a research report on Friday, July 11th. Weiss Ratings reissued a "sell (e+)" rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. Wall Street Zen raised AMC Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Citigroup upped their target price on AMC Entertainment from $2.60 to $2.70 and gave the company a "sell" rating in a research report on Tuesday, August 19th.

AMC Entertainment Trading Down 2.1%

AMC opened at $2.76 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -3.10 and a beta of 1.25. AMC Entertainment has a 12 month low of $2.45 and a 12 month high of $5.56. The stock has a fifty day moving average price of $2.89 and a 200-day moving average price of $2.97.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.36). The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.30 billion. The company's quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the firm posted ($0.43) earnings per share. On average, equities research analysts forecast that AMC Entertainment will post -1.38 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMC. Marshall Wace LLP increased its holdings in shares of AMC Entertainment by 17,925.0% in the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company's stock valued at $37,195,000 after purchasing an additional 11,931,950 shares during the period. Vanguard Group Inc. increased its holdings 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 valued at $122,882,000 after purchasing an additional 5,961,337 shares during the period. GMT Capital Corp acquired a new position in shares of AMC Entertainment in the first quarter valued at about $5,212,000. Geode Capital Management LLC increased its holdings in shares of AMC Entertainment by 10.6% in the second quarter. Geode Capital Management LLC now owns 10,253,501 shares of the company's stock valued at $31,790,000 after purchasing an additional 982,532 shares during the period. Finally, Nuveen LLC acquired a new position in shares of AMC Entertainment in the first quarter valued at about $2,736,000. 28.80% of the stock is owned by institutional investors and hedge funds.

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.

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