AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Consensus Recommendation of "Reduce" from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has earned a consensus recommendation of "Reduce" from the six brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $5.44.

Several research analysts have weighed in on the company. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Macquarie reiterated an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. B. Riley decreased their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Finally, Morgan Stanley reduced their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, August 12th.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in AMC Entertainment by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company's stock valued at $92,273,000 after purchasing an additional 4,617,007 shares in the last quarter. Renaissance Technologies LLC boosted its position in AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company's stock worth $51,223,000 after acquiring an additional 1,585,430 shares during the last quarter. Geode Capital Management LLC grew its stake in AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock worth $36,622,000 after acquiring an additional 866,757 shares during the period. State Street Corp raised its holdings in AMC Entertainment by 14.6% in the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock valued at $33,458,000 after acquiring an additional 936,618 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of AMC Entertainment by 153.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock worth $16,860,000 after purchasing an additional 2,243,052 shares during the period. Hedge funds and other institutional investors own 28.80% of the company's stock.

AMC Entertainment Price Performance

Shares of AMC traded down $0.02 during midday trading on Tuesday, reaching $4.84. 18,367,898 shares of the stock were exchanged, compared to its average volume of 25,666,410. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -3.02 and a beta of 1.83. The business's 50-day moving average price is $4.43 and its 200 day moving average price is $4.78.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. AMC Entertainment's revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) earnings per share. As a group, equities research analysts expect that AMC Entertainment will post -1.42 earnings per share for the current fiscal 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.