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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have earned an average recommendation of "Reduce" from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.26.

AMC has been the topic of several recent analyst reports. B. Riley initiated coverage on AMC Entertainment in a report on Friday, May 16th. They set a "neutral" rating and a $3.00 target price on the stock. Roth Mkm dropped their target price on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Citigroup reissued a "sell" rating and set a $2.60 target price (up previously from $2.30) on shares of AMC Entertainment in a report on Thursday, May 29th. Finally, Wedbush raised AMC Entertainment from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $3.00 to $4.00 in a report on Friday.

Institutional Trading of AMC Entertainment

Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in AMC Entertainment by 51.3% during the 4th quarter. Deutsche Bank AG now owns 282,815 shares of the company's stock valued at $1,126,000 after purchasing an additional 95,834 shares during the period. Vanguard Group Inc. raised its stake in AMC Entertainment by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock valued at $146,681,000 after purchasing an additional 1,558,554 shares during the period. Northern Trust Corp raised its stake in AMC Entertainment by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company's stock valued at $13,207,000 after purchasing an additional 370,408 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in AMC Entertainment during the 4th quarter valued at $289,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in AMC Entertainment during the 4th quarter valued at $1,191,000. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Stock Performance

AMC stock traded up $0.35 during midday trading on Wednesday, reaching $3.35. The company had a trading volume of 34,651,884 shares, compared to its average volume of 11,306,000. The stock has a 50 day moving average price of $3.08 and a 200 day moving average price of $3.15. AMC Entertainment has a fifty-two week low of $2.45 and a fifty-two week high of $5.76.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $862.50 million for the quarter, compared to analyst estimates of $983.23 million. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.62) earnings per share. As a group, analysts anticipate that AMC Entertainment will post -1.38 EPS for the current 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.