AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $5.44 Average Target Price from Analysts

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

Several research analysts have recently commented on the stock. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. B. Riley cut their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. Finally, Macquarie reissued an “underperform” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMC. Charles Schwab Investment Management Inc. grew its stake in shares of AMC Entertainment by 153.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after acquiring an additional 2,243,052 shares during the last quarter. Virtu Financial LLC acquired a new stake in AMC Entertainment in the 3rd quarter worth $893,000. Scientech Research LLC bought a new position in shares of AMC Entertainment during the 2nd quarter worth about $1,167,000. FMR LLC increased its holdings in shares of AMC Entertainment by 43.5% during the 3rd quarter. FMR LLC now owns 60,877 shares of the company’s stock worth $277,000 after purchasing an additional 18,464 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of AMC Entertainment by 92.5% during the second quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock valued at $5,411,000 after buying an additional 522,063 shares during the last quarter. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Stock Performance

AMC Entertainment stock opened at $4.12 on Friday. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88. The firm has a market cap of $1.55 billion, a PE ratio of -2.56 and a beta of 1.85. The firm’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $4.74.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the business posted ($0.09) earnings per share. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. Equities analysts anticipate that AMC Entertainment will post -1.41 EPS 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.