Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $5.44

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has received an average rating of "Reduce" from the six analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.44.

Several equities research analysts have weighed in on AMC shares. StockNews.com raised AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. Macquarie reissued an "underperform" rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, B. Riley lowered their price target on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMC. Renaissance Technologies LLC boosted its position in shares of AMC Entertainment by 18.2% in the 2nd quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company's stock valued at $51,223,000 after purchasing an additional 1,585,430 shares during the period. Geode Capital Management LLC boosted its position in shares of AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock valued at $36,622,000 after purchasing an additional 866,757 shares during the period. State Street Corp boosted its position in shares of 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 purchasing an additional 936,618 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of AMC Entertainment by 153.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock valued at $16,860,000 after purchasing an additional 2,243,052 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of AMC Entertainment in the 2nd quarter valued at $6,775,000. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Stock Down 2.4 %

NYSE AMC traded down $0.09 during trading hours on Wednesday, hitting $3.50. The company had a trading volume of 16,104,425 shares, compared to its average volume of 11,634,622. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The business has a fifty day simple moving average of $4.28 and a 200-day simple moving average of $4.61. The firm has a market cap of $1.31 billion, a P/E ratio of -2.17 and a beta of 1.92.

AMC Entertainment (NYSE:AMC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned ($0.09) earnings per share. AMC Entertainment's quarterly revenue was down 4.1% on a year-over-year basis. Equities analysts forecast that AMC Entertainment will post -1.41 EPS 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.