AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Recommendation of “Reduce” by Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned an average rating of “Reduce” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.44.

A number of equities research analysts have issued reports on AMC shares. B. Riley lowered their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Finally, Macquarie reaffirmed an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, November 13th.

Institutional Trading of AMC Entertainment

Several large investors have recently bought and sold shares of the company. KBC Group NV acquired a new position in shares of AMC Entertainment during the third quarter worth $37,000. Creative Planning purchased a new stake in AMC Entertainment during the 3rd quarter worth $48,000. Amalgamated Bank lifted its holdings in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after buying an additional 2,771 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment in the 3rd quarter valued at about $55,000. Finally, Private Advisor Group LLC grew its stake in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after acquiring an additional 3,237 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

AMC opened at $3.50 on Wednesday. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The company’s 50 day simple moving average is $4.28 and its 200 day simple moving average is $4.60. The stock has a market capitalization of $1.31 billion, a PE ratio of -2.17 and a beta of 1.92.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned ($0.09) EPS. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that AMC Entertainment will post -1.41 earnings per share 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.