Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Target Price at $2.32

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given a consensus recommendation of “Reduce” by the seven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.32.

Several analysts recently commented on AMC shares. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Citigroup reduced their price target on AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a research report on Wednesday, February 25th. Macquarie Infrastructure decreased their price target on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Finally, Roth Mkm lowered their price target on AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Wednesday, February 25th.

AMC Entertainment Stock Down 4.2%

AMC Entertainment stock opened at $1.04 on Monday. AMC Entertainment has a 52-week low of $1.02 and a 52-week high of $4.08. The firm has a market capitalization of $548.08 million, a price-to-earnings ratio of -0.79 and a beta of 1.85. The firm has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $2.05.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Saturday, January 31st. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $1.29 billion during the quarter. Research analysts expect that AMC Entertainment will post -1.38 earnings per share for the current year.

Institutional Trading of AMC Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in AMC. Jones Financial Companies Lllp lifted its stake in shares of AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares during the period. Total Investment Management Inc. acquired a new position in shares of AMC Entertainment during the second quarter valued at approximately $27,000. Gradient Capital Advisors LLC bought a new stake in AMC Entertainment during the third quarter worth approximately $29,000. Triumph Capital Management raised its holdings in AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares in the last quarter. Finally, CFO4Life Group LLC acquired a new stake in AMC Entertainment in the second quarter worth approximately $33,000. 28.80% of the stock is currently owned by institutional investors.

About AMC Entertainment

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.