AMC Entertainment Holdings, Inc. (NYSE:AMC) Stock Has Average Target Price of $2.67 According to Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has earned a consensus rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $2.67.

A number of equities analysts have recently weighed in on AMC shares. Weiss Ratings raised AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 31st. Wedbush reissued an “outperform” rating and issued a $4.00 price target (up from $3.00) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Citigroup restated a “sell” rating and set a $2.20 price target (up from $1.80) on shares of AMC Entertainment in a research note on Friday, September 25th. UBS Group restated a “buy” rating on shares of AMC Entertainment in a report on Tuesday, July 21st. Finally, Benchmark restated a “buy” rating and set a $3.00 price objective (up from $2.50) on shares of AMC Entertainment in a report on Tuesday, July 21st.

Hedge Funds Weigh In On AMC Entertainment

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its holdings in AMC Entertainment by 25.6% during the 2nd quarter. Tidal Investments LLC now owns 63,953 shares of the company’s stock worth $122,000 after purchasing an additional 13,028 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of AMC Entertainment in the second quarter worth approximately $969,000. Integrated Wealth Concepts LLC lifted its holdings in shares of AMC Entertainment by 64.9% in the second quarter. Integrated Wealth Concepts LLC now owns 25,407 shares of the company’s stock valued at $48,000 after purchasing an additional 10,003 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of AMC Entertainment by 73.5% in the second quarter. Arizona State Retirement System now owns 246,581 shares of the company’s stock valued at $469,000 after purchasing an additional 104,441 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new position in shares of AMC Entertainment during the second quarter valued at approximately $127,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

AMC stock opened at $2.94 on Friday. The stock’s 50 day simple moving average is $2.67 and its 200 day simple moving average is $2.06. AMC Entertainment has a fifty-two week low of $0.93 and a fifty-two week high of $3.40. The company has a market cap of $2.62 billion, a P/E ratio of -2.74 and a beta of 1.97.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Monday, July 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.17. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.50 billion. Equities analysts predict that AMC Entertainment will post -0.2 earnings per share for the current year.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates one of the world’s largest movie-theater businesses under the AMC Theatres and Odeon brands. The company exhibits first-run films and provides audiences with entertainment experiences that include standard screenings, premium formats such as IMAX and Dolby Cinema, and special or alternative programming.

In addition to ticket sales, AMC generates revenue through food and beverage concessions, including expanded menu options and in-theater dining at selected locations.