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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) have earned a consensus recommendation of “Reduce” from the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $2.32.

Several equities analysts have recently issued reports on AMC shares. Citigroup reduced their price objective 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. Roth Mkm reduced their price objective on AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Macquarie Infrastructure reduced their price objective on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st.

Check Out Our Latest Research Report on AMC

Key Headlines Impacting AMC Entertainment

Here are the key news stories impacting AMC Entertainment this week:

AMC Entertainment Price Performance

Shares of AMC opened at $1.63 on Friday. The company has a market cap of $860.51 million, a P/E ratio of -1.24 and a beta of 1.80. The stock has a fifty day moving average price of $1.19 and a 200 day moving average price of $1.82. AMC Entertainment has a 12 month low of $0.93 and a 12 month high of $4.08.

AMC Entertainment (NYSE:AMCGet Free Report) last issued its quarterly earnings data on Saturday, January 31st. The company reported ($0.24) EPS for the quarter. The company had revenue of $1.29 billion during the quarter. As a group, research analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in AMC. UBS Group AG boosted its stake in AMC Entertainment by 4,537.9% during the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after purchasing an additional 22,694,842 shares in the last quarter. Vanguard Group Inc. boosted its stake in AMC Entertainment by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after purchasing an additional 5,793,996 shares in the last quarter. Jump Financial LLC bought a new position in AMC Entertainment during the 3rd quarter valued at $4,827,000. JPMorgan Chase & Co. boosted its stake in AMC Entertainment by 87.6% during the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after purchasing an additional 1,457,493 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in AMC Entertainment by 20.6% during the 4th quarter. Renaissance Technologies LLC now owns 8,009,819 shares of the company’s stock valued at $12,495,000 after purchasing an additional 1,369,000 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

About AMC Entertainment

(Get Free Report)

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.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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