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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned an average rating of “Reduce” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.44.

AMC has been the subject of a number of analyst reports. StockNews.com raised AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. B. Riley cut 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. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, Macquarie reaffirmed an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th.

Institutional Trading of AMC Entertainment

Several large investors have recently bought and sold shares of the company. 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 worth $51,223,000 after buying an additional 1,585,430 shares in the last quarter. Geode Capital Management LLC raised its position in AMC Entertainment by 12.1% during the third 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 last quarter. State Street Corp lifted its holdings in shares of AMC Entertainment by 14.6% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of AMC Entertainment by 153.4% in the third 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 last quarter. Finally, Marshall Wace LLP purchased a new position in shares of AMC Entertainment during the 2nd quarter worth approximately $6,775,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Price Performance

NYSE:AMC opened at $3.50 on Wednesday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -2.17 and a beta of 1.92. The firm’s fifty day moving average price is $4.28 and its 200 day moving average price is $4.60. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88.

AMC Entertainment (NYSE:AMC) last issued its earnings results 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 analysts’ expectations of $1.33 billion. The firm’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. As a group, analysts expect that AMC Entertainment will post -1.41 earnings per share for the current fiscal year.

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.