Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $9.83

AMC Entertainment Holdings, Inc. (NYSE:AMCGet Rating) has received an average recommendation of “Sell” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.83.

AMC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of AMC Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, February 4th. StockNews.com initiated coverage on shares of AMC Entertainment in a research report on Thursday, March 31st. They set a “sell” rating on the stock.

AMC Entertainment stock traded down $0.51 during trading on Monday, reaching $18.02. The company had a trading volume of 25,333,688 shares, compared to its average volume of 76,548,048. AMC Entertainment has a 12-month low of $8.93 and a 12-month high of $72.62. The stock’s 50 day moving average price is $18.59 and its two-hundred day moving average price is $26.53. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of -6.37 and a beta of 1.46.

AMC Entertainment (NYSE:AMCGet Rating) last released its earnings results on Tuesday, March 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.08. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted ($3.15) earnings per share. AMC Entertainment’s revenue for the quarter was up 621.0% compared to the same quarter last year. Equities analysts expect that AMC Entertainment will post -0.75 earnings per share for the current year.

In related news, EVP Elizabeth F. Frank sold 20,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $29.91, for a total value of $598,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Chris A. Cox sold 14,931 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $28.80, for a total transaction of $430,012.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 354,070 shares of company stock worth $6,664,426. Corporate insiders own 0.58% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Wagner Wealth Management LLC lifted its holdings in AMC Entertainment by 67.6% during the third quarter. Wagner Wealth Management LLC now owns 754 shares of the company’s stock worth $27,000 after acquiring an additional 304 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in AMC Entertainment by 15.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,325 shares of the company’s stock worth $88,000 after acquiring an additional 304 shares during the period. Raymond James & Associates lifted its holdings in AMC Entertainment by 3.6% during the third quarter. Raymond James & Associates now owns 12,535 shares of the company’s stock worth $477,000 after acquiring an additional 437 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in AMC Entertainment by 59.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,342 shares of the company’s stock worth $51,000 after acquiring an additional 498 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in AMC Entertainment by 37.1% during the third quarter. Geneos Wealth Management Inc. now owns 2,135 shares of the company’s stock worth $82,000 after acquiring an additional 578 shares during the period. 31.72% of the stock is owned by institutional investors.

AMC Entertainment Company Profile (Get Rating)

AMC Entertainment Holdings, Inc engages in the theatrical exhibition business through its subsidiaries. It operates through the U.S. Markets and International Markets segments. The U.S. Markets segment is involved in owning, leasing, or operating theaters and screens in the U.S. The International Markets segment focuses on owning, leasing, or operating theaters and screens in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, Denmark, and Saudi Arabia.

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