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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have received an average rating of “Reduce” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.44.

Several research firms have recently issued reports on AMC. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Macquarie reaffirmed an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, 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 research report on Thursday, November 7th.

AMC Entertainment Stock Down 1.2 %

Shares of AMC opened at $4.00 on Friday. The company has a 50 day moving average of $4.45 and a two-hundred day moving average of $4.71. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -2.48 and a beta of 1.85. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in shares of AMC Entertainment by 153.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after buying an additional 2,243,052 shares during the last quarter. Virtu Financial LLC acquired a new stake in AMC Entertainment during the third quarter worth about $893,000. Geode Capital Management LLC raised its position in AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after acquiring an additional 866,757 shares in the last quarter. Scientech Research LLC acquired a new position in AMC Entertainment in the second quarter valued at approximately $1,167,000. Finally, FMR LLC grew its stake 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. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.