AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $5.54 Average Price Target from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) have earned a consensus rating of “Strong Sell” from the five research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.54.

A number of equities analysts recently commented on the stock. B. Riley dropped their price target on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Wedbush dropped their price target on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Finally, Citigroup lifted their price target on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research note on Tuesday, May 14th.

View Our Latest Analysis on AMC Entertainment

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of AMC. Jump Financial LLC purchased a new stake in shares of AMC Entertainment in the 3rd quarter worth approximately $165,000. Quantbot Technologies LP lifted its position in shares of AMC Entertainment by 1,391.7% in the 3rd quarter. Quantbot Technologies LP now owns 60,386 shares of the company’s stock worth $482,000 after purchasing an additional 56,338 shares during the period. Blueshift Asset Management LLC lifted its position in shares of AMC Entertainment by 13.2% in the 3rd quarter. Blueshift Asset Management LLC now owns 53,008 shares of the company’s stock worth $424,000 after purchasing an additional 6,163 shares during the period. Concentrum Wealth Management purchased a new stake in shares of AMC Entertainment in the 3rd quarter worth approximately $639,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of AMC Entertainment in the 3rd quarter worth approximately $5,582,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Down 4.2 %

AMC Entertainment stock opened at $4.71 on Tuesday. The company’s 50-day moving average price is $3.84 and its 200-day moving average price is $4.64. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $62.30. The company has a market cap of $1.39 billion, a PE ratio of -3.70 and a beta of 1.70.

AMC Entertainment (NYSE:AMCGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $951.40 million for the quarter, compared to analysts’ expectations of $951.40 million. As a group, sell-side analysts expect that AMC Entertainment will post -0.62 earnings per share for the current fiscal year.

About AMC Entertainment

(Get Free Report

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.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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