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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have been assigned an average recommendation of "Reduce" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two 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 brokers that have updated their coverage on the stock in the last year is $4.26.

AMC has been the topic of a number of analyst reports. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Macquarie reissued a "neutral" rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. Citigroup reissued a "sell" rating and issued a $2.60 price objective (up from $2.30) on shares of AMC Entertainment in a research note on Thursday, May 29th. Wall Street Zen raised AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Finally, B. Riley initiated coverage on AMC Entertainment in a research report on Friday, May 16th. They set a "neutral" rating and a $3.00 price target for the company.

Institutional Investors Weigh In On AMC Entertainment

Large investors have recently added to or reduced their stakes in the business. Legacy Financial Strategies LLC purchased a new position in shares of AMC Entertainment in the first quarter worth about $29,000. Ground Swell Capital LLC bought a new stake in AMC Entertainment during the 1st quarter valued at approximately $30,000. Sowell Financial Services LLC bought a new stake in AMC Entertainment during the 1st quarter valued at approximately $36,000. Sterling Capital Management LLC grew its stake in shares of AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock worth $43,000 after buying an additional 9,679 shares during the last quarter. Finally, Abacus Planning Group Inc. purchased a new stake in shares of AMC Entertainment in the first quarter worth $47,000. Institutional investors own 28.80% of the company's stock.

AMC Entertainment Stock Performance

NYSE:AMC opened at $3.16 on Friday. The stock has a 50-day simple moving average of $2.98 and a 200 day simple moving average of $3.38. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $5.76. The company has a market cap of $1.36 billion, a PE ratio of -1.96 and a beta of 1.50.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.58) 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 the consensus estimate of $983.23 million. The business's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.62) earnings per share. On average, research analysts predict 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.

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