AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $6.35 Consensus PT from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been given a consensus rating of “Strong Sell” by the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $6.35.

Several analysts have recently commented on AMC shares. Wedbush restated a “neutral” rating and issued a $6.00 target price on shares of AMC Entertainment in a research note on Friday, February 23rd. B. Riley reduced their target price on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th.

AMC Entertainment Trading Up 9.0 %

Shares of AMC Entertainment stock opened at $2.97 on Monday. The business has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $5.99. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $62.30. The company has a market cap of $780.63 million, a P/E ratio of -1.27 and a beta of 1.62.

AMC Entertainment (NYSE:AMC) last issued 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Equities research analysts forecast that AMC Entertainment will post -1.7 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of AMC Entertainment by 48.3% in the 4th quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company’s stock worth $123,548,000 after purchasing an additional 6,577,228 shares during the period. Invesco Ltd. raised its holdings in shares of AMC Entertainment by 418.4% in the 1st quarter. Invesco Ltd. now owns 2,635,266 shares of the company’s stock worth $64,934,000 after purchasing an additional 2,126,916 shares during the period. Norges Bank bought a new stake in shares of AMC Entertainment in the 4th quarter worth approximately $12,605,000. Marshall Wace LLP bought a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $6,406,000. Finally, SG Americas Securities LLC raised its holdings in shares of AMC Entertainment by 3,234.8% in the 3rd quarter. SG Americas Securities LLC now owns 1,274,309 shares of the company’s stock worth $10,182,000 after purchasing an additional 1,236,097 shares during the period. Institutional investors and hedge funds 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.