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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have earned a consensus rating of "Reduce" from the eight research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to 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 subject of several recent research reports. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Macquarie reiterated a "neutral" rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. Roth Mkm lowered their target price on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Wall Street Zen raised AMC Entertainment to a "sell" rating in a report on Saturday, February 22nd. Finally, Citigroup reiterated a "sell" rating and issued a $2.60 price target (up from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of AMC Entertainment by 16.2% during the first quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company's stock worth $122,882,000 after purchasing an additional 5,961,337 shares in the last quarter. GMT Capital Corp bought a new stake in AMC Entertainment during the first quarter valued at approximately $5,212,000. Marshall Wace LLP grew its stake in AMC Entertainment by 85.4% in the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company's stock worth $11,151,000 after buying an additional 1,290,376 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of AMC Entertainment by 91.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company's stock worth $9,009,000 after buying an additional 1,081,464 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of AMC Entertainment during the 1st quarter valued at $2,736,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Stock Performance

NYSE:AMC traded down $0.10 during trading hours on Friday, reaching $3.03. The stock had a trading volume of 6,533,399 shares, compared to its average volume of 11,972,457. The stock has a market cap of $1.31 billion, a P/E ratio of -3.09 and a beta of 1.50. The stock has a 50 day simple moving average of $3.00 and a 200 day simple moving average of $3.33. AMC Entertainment has a 12-month low of $2.45 and a 12-month high of $5.76.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $983.23 million. During the same quarter in the previous year, the company posted ($0.62) EPS. The firm's revenue was down 9.3% compared to the same quarter last year. On average, equities analysts expect that AMC Entertainment will post -1.38 earnings per share 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.