AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Recommendation of “Reduce” by Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average recommendation of “Reduce” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.22.

AMC has been the topic of several research analyst reports. B. Riley initiated coverage on shares of AMC Entertainment in a report on Friday. They set a “neutral” rating and a $3.00 price target on the stock. Macquarie restated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a report on Tuesday, February 4th. Citigroup restated a “sell” rating and set a $2.30 price target (down from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. Finally, StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd.

AMC Entertainment Stock Down 1.4%

Shares of NYSE:AMC opened at $2.91 on Tuesday. The company’s fifty day moving average is $2.82 and its two-hundred day moving average is $3.50. AMC Entertainment has a 12-month low of $2.45 and a 12-month high of $5.96. The company has a market cap of $1.26 billion, a P/E ratio of -1.81 and a beta of 1.41.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.03. The company had revenue of $862.50 million for the quarter, compared to analysts’ expectations of $983.23 million. During the same quarter in the prior year, the firm earned ($0.62) earnings per share. The company’s revenue was down 9.3% on a year-over-year basis. Equities research analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in AMC Entertainment by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 42,815,896 shares of the company’s stock worth $122,882,000 after acquiring an additional 5,961,337 shares during the last quarter. GMT Capital Corp acquired a new position in AMC Entertainment during the 1st quarter worth $5,212,000. Marshall Wace LLP lifted its position in AMC Entertainment by 85.4% during the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock worth $11,151,000 after acquiring an additional 1,290,376 shares during the last quarter. JPMorgan Chase & Co. lifted its position in AMC Entertainment by 91.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company’s stock worth $9,009,000 after acquiring an additional 1,081,464 shares during the last quarter. Finally, Nuveen LLC acquired a new position in AMC Entertainment during the 1st quarter worth $2,736,000. 28.80% of the stock is currently owned by institutional investors.

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.