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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received a consensus rating of “Strong Sell” from the seven analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.70.

A number of equities analysts have recently issued reports on AMC shares. Wedbush reissued a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Monday, August 5th. Macquarie increased their price target on AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Tuesday, July 9th. Morgan Stanley lowered their target price on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th.

AMC Entertainment Price Performance

Shares of AMC Entertainment stock opened at $4.78 on Thursday. The stock’s 50-day moving average is $5.02 and its 200 day moving average is $4.48. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -3.76 and a beta of 1.81.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) EPS for the quarter, hitting the consensus estimate of ($0.43). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. On average, sell-side analysts expect that AMC Entertainment will post -1.36 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in shares of AMC Entertainment in the fourth quarter valued at about $34,000. Mayflower Financial Advisors LLC purchased a new stake in AMC Entertainment in the 1st quarter valued at about $37,000. Skylands Capital LLC bought a new position in shares of AMC Entertainment during the 2nd quarter worth approximately $50,000. Powell Investment Advisors LLC purchased a new position in shares of AMC Entertainment in the 1st quarter worth approximately $55,000. Finally, Eudaimonia Partners LLC bought a new position in shares of AMC Entertainment in the fourth quarter valued at approximately $71,000. 28.80% of the stock is currently owned by institutional investors.

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.