AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Rating of “Reduce” from Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have received a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $2.32.

Several equities research analysts have recently issued reports on the company. Macquarie Infrastructure decreased their price objective on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Citigroup dropped their target price on AMC Entertainment from $1.30 to $1.10 and set a “sell” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Finally, Roth Mkm decreased their price target on AMC Entertainment from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th.

AMC Entertainment Stock Performance

Shares of AMC opened at $1.09 on Monday. AMC Entertainment has a 1 year low of $1.08 and a 1 year high of $4.08. The company’s 50 day simple moving average is $1.36 and its 200 day simple moving average is $2.08. The company has a market capitalization of $574.56 million, a price-to-earnings ratio of -0.83 and a beta of 1.85.

AMC Entertainment (NYSE:AMC) last released its earnings results on Saturday, January 31st. The company reported ($0.24) EPS for the quarter. The business had revenue of $1.29 billion for the quarter. Equities analysts expect that AMC Entertainment will post -1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in AMC Entertainment by 761.8% in the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock valued at $25,000 after purchasing an additional 7,496 shares during the period. Total Investment Management Inc. purchased a new position in AMC Entertainment during the second quarter worth approximately $27,000. Gradient Capital Advisors LLC acquired a new position in shares of AMC Entertainment in the 3rd quarter valued at $29,000. CFO4Life Group LLC acquired a new position in shares of AMC Entertainment in the 2nd quarter valued at $33,000. Finally, Pitcairn Co. purchased a new stake in shares of AMC Entertainment during the 2nd quarter valued at $34,000. 28.80% of the stock is owned by institutional investors and hedge funds.

About AMC Entertainment

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.