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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have earned an average recommendation of “Reduce” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $2.66.

A number of brokerages have recently weighed in on AMC. Citigroup restated a “sell” rating and issued a $1.30 price objective (down from $2.30) on shares of AMC Entertainment in a research note on Monday, January 12th. Macquarie Infrastructure decreased their price target on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Zacks Research cut AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings restated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded AMC Entertainment from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in AMC Entertainment by 761.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after acquiring an additional 7,496 shares in the last quarter. Total Investment Management Inc. bought a new stake in shares of AMC Entertainment during the second quarter valued at approximately $27,000. Gradient Capital Advisors LLC acquired a new position in shares of AMC Entertainment in the third quarter valued at $29,000. Triumph Capital Management lifted its position in AMC Entertainment by 139.0% in the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock worth $30,000 after purchasing an additional 11,050 shares during the period. Finally, CFO4Life Group LLC acquired a new stake in AMC Entertainment during the second quarter worth $33,000. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Stock Performance

Shares of AMC stock opened at $1.26 on Thursday. The stock’s 50 day simple moving average is $1.56 and its 200 day simple moving average is $2.30. AMC Entertainment has a twelve month low of $1.21 and a twelve month high of $4.08. The company has a market capitalization of $644.93 million, a price-to-earnings ratio of -0.89 and a beta of 1.77.

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.