AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $6.35 Consensus Price Target from Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given a consensus recommendation of “Strong Sell” by the five analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.95.

A number of equities analysts have recently issued reports on the company. Wedbush dropped their target price on AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday. B. Riley lowered their price target on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMC. Covestor Ltd raised its position in shares of AMC Entertainment by 417.6% during the first quarter. Covestor Ltd now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 856 shares during the last quarter. KBC Group NV acquired a new stake in AMC Entertainment in the fourth quarter worth about $30,000. FNY Investment Advisers LLC raised its holdings in AMC Entertainment by 1,160.9% during the 3rd quarter. FNY Investment Advisers LLC now owns 5,400 shares of the company’s stock worth $43,000 after purchasing an additional 5,909 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in AMC Entertainment during the 4th quarter valued at about $34,000. Finally, Quantamental Technologies LLC bought a new position in shares of AMC Entertainment in the 1st quarter valued at about $212,000. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Trading Up 8.2 %

AMC opened at $3.16 on Monday. The stock’s 50 day simple moving average is $3.99 and its 200-day simple moving average is $5.94. The stock has a market cap of $831.96 million, a PE ratio of -1.34 and a beta of 1.62. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $62.30.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.06 billion. Equities analysts forecast that AMC Entertainment will post -1.7 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.