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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been given an average recommendation of “Reduce” by the six analysts that are presently covering the company, MarketBeat.com reports. Three investment 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 brokerages that have issued ratings on the stock in the last year is $5.44.

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

Institutional Trading of AMC Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in 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 worth $5,411,000 after buying an additional 522,063 shares during the period. Skylands Capital LLC acquired a new position in shares of AMC Entertainment in the 2nd quarter worth approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AMC Entertainment by 14.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after purchasing an additional 5,902 shares during the period. Principal Financial Group Inc. increased its holdings in AMC Entertainment by 35.8% in the 2nd quarter. Principal Financial Group Inc. now owns 27,276 shares of the company’s stock valued at $136,000 after purchasing an additional 7,185 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in AMC Entertainment by 243.4% in the second quarter. Commonwealth Equity Services LLC now owns 56,911 shares of the company’s stock valued at $283,000 after purchasing an additional 40,336 shares during the period. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Down 1.2 %

Shares of AMC Entertainment stock opened at $4.00 on Friday. The firm has a market cap of $1.50 billion, a PE ratio of -2.48 and a beta of 1.85. The business has a 50-day moving average price of $4.45 and a 200 day moving average price of $4.71. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88.

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