AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Rating of "Reduce" from Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have earned a consensus recommendation of "Reduce" from the six brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $5.44.

Several research firms recently issued reports on AMC. B. Riley lowered their price objective on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research note on Tuesday, November 12th. Macquarie reissued an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th.

AMC Entertainment Trading Up 8.3 %

Shares of AMC traded up $0.27 during mid-day trading on Wednesday, hitting $3.51. 23,275,000 shares of the company traded hands, compared to its average volume of 13,153,380. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.18 and a beta of 1.92. The business has a 50-day moving average of $4.31 and a 200 day moving average of $4.62. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The firm's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. As a group, analysts anticipate that AMC Entertainment will post -1.41 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

Several large investors have recently made changes to their positions in the stock. KBC Group NV acquired a new position in AMC Entertainment in the 3rd quarter worth $37,000. Creative Planning bought a new stake in shares of AMC Entertainment in the third quarter valued at about $48,000. Amalgamated Bank boosted its position in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after buying an additional 2,771 shares during the period. Burns Matteson Capital Management LLC bought a new position in shares of AMC Entertainment during the third quarter worth about $55,000. Finally, Private Advisor Group LLC raised its position in AMC Entertainment by 27.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock valued at $68,000 after buying an additional 3,237 shares during the last quarter. Institutional investors own 28.80% of the company's stock.

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.