AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Consensus Recommendation of “Strong Sell” from Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned a consensus recommendation of “Strong Sell” from the seven research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.70.

Several equities research analysts recently weighed in on the company. Wedbush reissued a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Monday, August 5th. Macquarie lifted their target price on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 9th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Monday, August 5th. Finally, Morgan Stanley cut their price objective on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th.

AMC Entertainment Stock Down 0.8 %

Shares of AMC stock opened at $4.78 on Thursday. The firm has a market cap of $1.41 billion, a P/E ratio of -3.76 and a beta of 1.81. The company has a 50 day moving average of $5.02 and a 200-day moving average of $4.48. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88.

AMC Entertainment (NYSE:AMC) last released its earnings results on Friday, August 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.43). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. AMC Entertainment’s quarterly revenue was down 23.1% compared to the same quarter last year. As a group, equities analysts expect that AMC Entertainment will post -1.36 EPS for the current year.

Institutional Trading of AMC Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of AMC Entertainment by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after purchasing an additional 4,617,007 shares in the last quarter. Renaissance Technologies LLC grew its position in AMC Entertainment by 18.2% during the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock worth $51,223,000 after buying an additional 1,585,430 shares in the last quarter. Norges Bank bought a new position in AMC Entertainment in the 4th quarter worth about $12,605,000. Marshall Wace LLP bought a new position in AMC Entertainment in the 2nd quarter worth about $6,775,000. Finally, SG Americas Securities LLC raised its holdings in shares of AMC Entertainment by 1,894.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after acquiring an additional 1,064,805 shares in the last quarter. Institutional investors own 28.80% of the company’s stock.

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.