Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Target Price at $3.26

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned a consensus rating of “Reduce” from the nine research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $3.2583.

Several brokerages have commented on AMC. Wall Street Zen downgraded AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Zacks Research cut AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Citigroup reduced their price objective on AMC Entertainment from $2.70 to $2.30 and set a “sell” rating for the company in a report on Thursday, November 13th.

AMC Entertainment Stock Performance

NYSE:AMC opened at $2.32 on Friday. The firm has a market cap of $1.19 billion, a P/E ratio of -1.64 and a beta of 0.53. AMC Entertainment has a fifty-two week low of $2.05 and a fifty-two week high of $4.76. The firm has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $2.88.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.21 billion. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS. On average, equities research analysts predict that AMC Entertainment will post -1.38 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in AMC. UBS Group AG increased its holdings in AMC Entertainment by 4,537.9% during the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after buying an additional 22,694,842 shares during the last quarter. Marshall Wace LLP grew its position in shares of AMC Entertainment by 17,925.0% during the 2nd quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock valued at $37,195,000 after acquiring an additional 11,931,950 shares during the period. Vanguard Group Inc. increased its stake in shares of AMC Entertainment by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company’s stock worth $122,882,000 after purchasing an additional 5,961,337 shares in the last quarter. GMT Capital Corp purchased a new stake in shares of AMC Entertainment in the 1st quarter worth $5,212,000. Finally, Jump Financial LLC bought a new position in AMC Entertainment in the 3rd quarter worth $4,827,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.