AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $5.54 Average Price Target from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received a consensus recommendation of “Strong Sell” from the five ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.54.

Several analysts have recently commented on the stock. Citigroup raised their price objective on shares of AMC Entertainment from $3.10 to $3.20 and gave the stock a “sell” rating in a research report on Tuesday, May 14th. Wedbush reduced 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 report on Thursday, May 9th.

Institutional Trading of AMC Entertainment

Several hedge funds have recently bought and sold shares of the business. Avantax Advisory Services Inc. grew its position in AMC Entertainment by 43.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 16,663 shares of the company’s stock valued at $102,000 after purchasing an additional 5,070 shares during the period. Russell Investments Group Ltd. bought a new position in AMC Entertainment during the 4th quarter valued at $34,000. HBK Sorce Advisory LLC lifted its stake in AMC Entertainment by 31.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock valued at $168,000 after acquiring an additional 6,525 shares in the last quarter. Principal Financial Group Inc. lifted its stake in AMC Entertainment by 50.6% during the 1st quarter. Principal Financial Group Inc. now owns 20,091 shares of the company’s stock valued at $75,000 after acquiring an additional 6,748 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in AMC Entertainment by 817.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after acquiring an additional 8,861 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

NYSE:AMC opened at $5.05 on Friday. The company has a market capitalization of $1.49 billion, a PE ratio of -3.97 and a beta of 1.84. The company has a 50 day simple moving average of $4.55 and a two-hundred day simple moving average of $4.41. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $62.30.

AMC Entertainment (NYSE:AMC) last released its earnings results on Wednesday, May 8th. The company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The business had revenue of $951.40 million for the quarter, compared to analyst estimates of $951.40 million. Research analysts predict that AMC Entertainment will post -0.84 EPS for the current year.

AMC Entertainment Company Profile

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.