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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have earned a consensus rating of “Reduce” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $2.66.

AMC has been the topic of several recent research reports. Zacks Research downgraded shares of AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Macquarie dropped their price target on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Wall Street Zen cut shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday. Finally, Citigroup reaffirmed a “sell” rating and set a $1.30 target price (down from $2.30) on shares of AMC Entertainment in a research report on Monday, January 12th.

AMC Entertainment Stock Down 5.2%

Shares of AMC stock opened at $1.57 on Friday. AMC Entertainment has a twelve month low of $1.44 and a twelve month high of $4.08. The stock’s fifty day simple moving average is $1.88 and its 200 day simple moving average is $2.53. The firm has a market capitalization of $802.75 million, a P/E ratio of -1.11 and a beta of 0.72.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.21 billion. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. As a group, equities research analysts expect that AMC Entertainment will post -1.38 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in AMC Entertainment by 21.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock worth $690,000 after purchasing an additional 41,860 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of AMC Entertainment by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock valued at $2,038,000 after purchasing an additional 164,740 shares during the last quarter. KLP Kapitalforvaltning AS increased its position in shares of AMC Entertainment by 22.9% during the second quarter. KLP Kapitalforvaltning AS now owns 89,192 shares of the company’s stock worth $276,000 after buying an additional 16,600 shares during the period. Traphagen Investment Advisors LLC raised its stake in AMC Entertainment by 26.3% during the second quarter. Traphagen Investment Advisors LLC now owns 30,008 shares of the company’s stock worth $93,000 after buying an additional 6,252 shares during the last quarter. Finally, SLT Holdings LLC bought a new position in AMC Entertainment during the second quarter worth $124,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.