Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Target Price at $4.26

AMC Entertainment Holdings, Inc. (NYSE:AMC) has earned an average recommendation of “Reduce” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $4.26.

Several research firms have issued reports on AMC. B. Riley initiated coverage on AMC Entertainment in a research report on Friday, May 16th. They issued a “neutral” rating and a $3.00 price target for the company. Wall Street Zen upgraded AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Roth Mkm lowered their price target on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, Macquarie reiterated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its position in shares of AMC Entertainment by 51.3% during the fourth quarter. Deutsche Bank AG now owns 282,815 shares of the company’s stock worth $1,126,000 after acquiring an additional 95,834 shares during the last quarter. Vanguard Group Inc. lifted its stake in AMC Entertainment by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock worth $146,681,000 after purchasing an additional 1,558,554 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of AMC Entertainment by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after purchasing an additional 370,408 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of AMC Entertainment during the 4th quarter valued at about $289,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of AMC Entertainment during the fourth quarter valued at about $1,191,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Trading Up 1.5%

Shares of AMC stock opened at $3.05 on Friday. AMC Entertainment has a 12 month low of $2.45 and a 12 month high of $5.76. The stock has a market cap of $1.32 billion, a P/E ratio of -3.11 and a beta of 1.50. The company has a 50 day simple moving average of $3.00 and a two-hundred day simple moving average of $3.33.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.03. The company had revenue of $862.50 million during the quarter, compared to analysts’ expectations of $983.23 million. During the same quarter last year, the company earned ($0.62) earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities analysts forecast that AMC Entertainment will post -1.38 earnings per share for the current year.

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.