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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have earned a consensus recommendation of “Strong Sell” from the five analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.95.

A number of equities research analysts have commented on the company. B. Riley decreased their price target on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Wedbush cut their target price on AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday.

AMC Entertainment Trading Up 8.2 %

Shares of NYSE:AMC opened at $3.16 on Monday. The stock has a 50 day moving average of $3.99 and a 200 day moving average of $5.94. The company has a market cap of $831.96 million, a PE ratio of -1.34 and a beta of 1.62. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $62.30.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. Equities research analysts predict that AMC Entertainment will post -1.7 earnings per share for the current fiscal year.

Institutional Trading of AMC Entertainment

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in AMC Entertainment by 3.5% during the third quarter. Vanguard Group Inc. now owns 49,270,302 shares of the company’s stock worth $343,413,000 after acquiring an additional 1,682,299 shares during the last quarter. State Street Corp boosted its holdings in shares of AMC Entertainment by 0.8% in the 1st quarter. State Street Corp now owns 13,393,337 shares of the company’s stock worth $330,012,000 after purchasing an additional 107,221 shares during the period. Geode Capital Management LLC increased its position in shares of AMC Entertainment by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,372,225 shares of the company’s stock valued at $32,438,000 after purchasing an additional 207,235 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in AMC Entertainment by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,496,803 shares of the company’s stock valued at $17,519,000 after buying an additional 89,411 shares during the period. 28.80% of the stock is owned by hedge funds and other 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.