AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Rating of “Strong Sell” by Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received a consensus recommendation of “Strong Sell” from the five research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.85.

A number of analysts recently commented on the stock. B. Riley lowered their target price on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Wedbush lowered their price objective on shares of AMC Entertainment from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Thursday.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new stake in shares of AMC Entertainment during the 4th quarter worth approximately $34,000. Tower Research Capital LLC TRC boosted its holdings in AMC Entertainment by 817.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock worth $61,000 after buying an additional 8,861 shares in the last quarter. Mayflower Financial Advisors LLC acquired a new stake in AMC Entertainment during the first quarter valued at $37,000. San Luis Wealth Advisors LLC purchased a new position in AMC Entertainment in the third quarter valued at $82,000. Finally, Eudaimonia Partners LLC acquired a new position in shares of AMC Entertainment in the fourth quarter worth about $71,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Down 4.1 %

NYSE AMC opened at $3.06 on Friday. The firm’s fifty day simple moving average is $3.56 and its two-hundred day simple moving average is $5.31. The firm has a market capitalization of $805.63 million, a P/E ratio of -1.30 and a beta of 1.69. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $62.30.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, sell-side analysts predict that AMC Entertainment will post -0.87 earnings per share 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.