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

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has earned an average recommendation of "Reduce" from the eight analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.26.

A number of research analysts have weighed in on AMC shares. Roth Mkm dropped their price objective on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. B. Riley started coverage on shares of AMC Entertainment in a research note on Friday, May 16th. They issued a "neutral" rating and a $3.00 target price for the company. Finally, Citigroup restated a "sell" rating and issued a $2.60 price objective (up from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in AMC Entertainment by 16.2% during the 1st 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. Geode Capital Management LLC increased its position in shares of AMC Entertainment by 2.8% during the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of AMC Entertainment by 1.0% during the 1st 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 during the last quarter. Northern Trust Corp increased its holdings in AMC Entertainment by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,540,656 shares of the company's stock worth $10,162,000 after acquiring an additional 222,375 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in AMC Entertainment by 85.4% during the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company's stock valued at $11,151,000 after buying an additional 1,290,376 shares in the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Stock Performance

Shares of NYSE:AMC opened at $2.92 on Wednesday. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $5.76. The company has a fifty day moving average of $3.05 and a 200-day moving average of $3.17. The company has a market capitalization of $1.26 billion, a PE ratio of -2.98 and a beta of 1.43.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) earnings per share 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 analyst estimates of $983.23 million. During the same quarter last year, the company earned ($0.62) earnings per share. The company's quarterly revenue was down 9.3% compared to the same quarter last year. On average, equities analysts forecast 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.

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