Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $4.26

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have earned an average recommendation of "Reduce" from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $4.26.

AMC has been the subject of several recent analyst reports. Roth Mkm reduced their price objective on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a "sell" rating and set a $2.60 price objective (up previously from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th. Finally, B. Riley initiated coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They set a "neutral" rating and a $3.00 price objective for the company.

Hedge Funds Weigh In On AMC Entertainment

Several large investors have recently bought and sold shares of AMC. Bank of New York Mellon Corp lifted its stake in AMC Entertainment by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 947,788 shares of the company's stock valued at $3,772,000 after acquiring an additional 17,371 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AMC Entertainment by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company's stock valued at $16,049,000 after acquiring an additional 327,019 shares in the last quarter. Arizona State Retirement System lifted its stake in AMC Entertainment by 27.0% during the 4th quarter. Arizona State Retirement System now owns 108,089 shares of the company's stock valued at $430,000 after acquiring an additional 22,978 shares in the last quarter. Raymond James Financial Inc. bought a new position in AMC Entertainment during the 4th quarter valued at $96,000. Finally, Amundi lifted its stake in AMC Entertainment by 106.8% during the 4th quarter. Amundi now owns 26,899 shares of the company's stock valued at $106,000 after acquiring an additional 13,890 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Trading Up 1.7%

NYSE:AMC traded up $0.05 on Wednesday, reaching $2.95. 12,497,638 shares of the stock traded hands, compared to its average volume of 11,294,537. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -3.01 and a beta of 1.43. The company's 50 day moving average is $3.05 and its 200-day moving average is $3.17. AMC Entertainment has a 1-year low of $2.45 and a 1-year high of $5.76.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, beating analysts' consensus estimates 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. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.62) EPS. On average, equities research analysts forecast that AMC Entertainment will post -1.38 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.