Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $5.70

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have received an average recommendation of "Strong Sell" from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.70.

Several analysts have issued reports on the stock. Morgan Stanley dropped their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, August 12th. Wedbush reissued a "neutral" rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th. Macquarie raised their price objective on AMC Entertainment from $3.50 to $4.00 and gave the company an "underperform" rating in a research report on Tuesday, July 9th. Finally, Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Monday, August 5th.

AMC Entertainment Price Performance

NYSE:AMC traded down $0.22 during trading hours on Monday, reaching $4.18. 12,825,690 shares of the stock were exchanged, compared to its average volume of 28,557,881. The stock has a market cap of $1.24 billion, a PE ratio of -3.46 and a beta of 1.80. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88. The firm has a 50 day moving average of $4.86 and a 200 day moving average of $4.49.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, meeting the consensus estimate of ($0.43). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. The business's revenue for the quarter was down 23.1% on a year-over-year basis. Equities research analysts anticipate that AMC Entertainment will post -1.36 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds have recently bought and sold shares of AMC. Treasurer of the State of North Carolina grew its position in AMC Entertainment by 240.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 87,922 shares of the company's stock worth $538,000 after buying an additional 62,100 shares in the last quarter. Seven Eight Capital LP acquired a new position in AMC Entertainment in the fourth quarter valued at about $1,016,000. Caas Capital Management LP bought a new stake in AMC Entertainment during the fourth quarter worth about $148,000. Virtu Financial LLC bought a new stake in AMC Entertainment during the fourth quarter worth about $202,000. Finally, Vanguard Group Inc. grew its stake in AMC Entertainment by 48.3% during the fourth quarter. Vanguard Group Inc. now owns 20,187,662 shares of the company's stock worth $123,548,000 after buying an additional 6,577,228 shares in the last quarter. 28.80% of the stock is owned by institutional investors.

AMC Entertainment Company Profile

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.