AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Consensus Rating of “Hold” from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.45.

Several research firms have commented on AMC. Roth Mkm reissued a “neutral” rating and issued a $2.00 price objective on shares of AMC Entertainment in a research report on Thursday, April 23rd. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Wednesday, May 6th. Macquarie Infrastructure lowered their target price 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, Citigroup raised their target price on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a research note on Thursday, May 7th.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds have recently bought and sold shares of the company. Wealthfront Advisers LLC grew its stake in AMC Entertainment by 36.8% in the first quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock worth $193,000 after purchasing an additional 52,902 shares in the last quarter. Hsbc Holdings PLC grew its stake in AMC Entertainment by 16.4% in the first quarter. Hsbc Holdings PLC now owns 373,472 shares of the company’s stock worth $376,000 after purchasing an additional 52,501 shares in the last quarter. R Squared Ltd boosted its stake in AMC Entertainment by 349.7% in the first quarter. R Squared Ltd now owns 100,186 shares of the company’s stock valued at $98,000 after acquiring an additional 77,906 shares during the period. SG Americas Securities LLC acquired a new position in AMC Entertainment in the first quarter valued at approximately $147,000. Finally, Corient Private Wealth LLC acquired a new position in AMC Entertainment in the fourth quarter valued at approximately $41,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Stock Down 5.7%

Shares of AMC Entertainment stock opened at $1.42 on Tuesday. AMC Entertainment has a fifty-two week low of $0.93 and a fifty-two week high of $4.08. The firm has a market cap of $866.08 million, a PE ratio of -1.33 and a beta of 2.14. The business’s fifty day moving average is $1.30 and its two-hundred day moving average is $1.67.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Tuesday, May 5th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.04). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $979.19 million. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.58) earnings per share. Equities research analysts anticipate that AMC Entertainment will post -0.36 EPS for the current year.

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.