AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Rating of “Reduce” from Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned an average rating of “Reduce” from the six analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.84.

Several brokerages recently weighed in on AMC. Wedbush reissued a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Monday, August 5th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th. Morgan Stanley decreased their price objective on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Finally, Macquarie increased their price objective on AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Tuesday, July 9th.

Institutional Investors Weigh In On AMC Entertainment

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of AMC Entertainment by 48.3% in the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock valued at $123,548,000 after purchasing an additional 6,577,228 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of AMC Entertainment by 18.2% in the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock worth $51,223,000 after buying an additional 1,585,430 shares during the last quarter. Marshall Wace LLP acquired a new position in AMC Entertainment during the second quarter valued at approximately $6,775,000. SG Americas Securities LLC raised its position in shares of AMC Entertainment by 1,894.0% in the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after purchasing an additional 1,064,805 shares during the period. Finally, Boulder Hill Capital Management LP bought a new position in shares of AMC Entertainment in the first quarter valued at approximately $2,842,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Stock Performance

NYSE:AMC opened at $4.41 on Friday. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The business’s 50-day simple moving average is $4.58 and its 200 day simple moving average is $4.59. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -3.00 and a beta of 1.80.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, meeting the consensus estimate of ($0.43). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. AMC Entertainment’s quarterly revenue was down 23.1% compared to the same quarter last year. On average, equities research analysts predict that AMC Entertainment will post -1.34 EPS for the current 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.