AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $3.33 Consensus Price Target from Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been given an average rating of “Reduce” by the eight research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.3250.

Several brokerages have issued reports on AMC. Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Wedbush raised shares of AMC Entertainment from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $3.00 to $4.00 in a research note on Friday, July 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, October 8th. Finally, Citigroup increased their target price on shares of AMC Entertainment from $2.60 to $2.70 and gave the stock a “sell” rating in a research report on Tuesday, August 19th.

AMC Entertainment Price Performance

Shares of AMC Entertainment stock opened at $2.89 on Friday. The firm’s fifty day simple moving average is $2.88 and its 200-day simple moving average is $2.97. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -3.25 and a beta of 1.25. AMC Entertainment has a 12 month low of $2.45 and a 12 month high of $5.56.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Monday, August 11th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.36). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.30 billion. AMC Entertainment’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.43) earnings per share. Analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Total Investment Management Inc. purchased a new position in shares of AMC Entertainment during the 2nd quarter valued at approximately $27,000. Ground Swell Capital LLC acquired a new position in shares of AMC Entertainment during the first quarter valued at $30,000. Sovereign Financial Group Inc. acquired a new position in shares of AMC Entertainment during the second quarter valued at $32,000. CFO4Life Group LLC acquired a new position in AMC Entertainment during the second quarter worth about $33,000. Finally, May Hill Capital LLC acquired a new position in AMC Entertainment during the second quarter worth about $34,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.