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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned an average rating of “Strong Sell” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $6.03.

Several equities research analysts have recently issued reports on AMC shares. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Monday, August 5th. Macquarie raised their price objective on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a report on Tuesday, July 9th. Citigroup boosted their target price on shares of AMC Entertainment from $3.10 to $3.20 and gave the company a “sell” rating in a research note on Tuesday, May 14th. Wedbush reissued a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Monday, August 5th. Finally, Morgan Stanley lowered their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th.

AMC Entertainment Price Performance

AMC opened at $5.05 on Friday. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $16.60. The firm has a market capitalization of $1.49 billion, a P/E ratio of -3.98 and a beta of 1.84. The company’s 50-day moving average is $5.04 and its 200 day moving average is $4.44.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Friday, August 2nd. The company reported ($0.43) EPS for the quarter, hitting the consensus estimate of ($0.43). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. AMC Entertainment’s quarterly revenue was down 23.1% on a year-over-year basis. On average, equities research analysts expect that AMC Entertainment will post -0.48 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in shares of AMC Entertainment in the fourth quarter valued at $34,000. Mayflower Financial Advisors LLC purchased a new position in AMC Entertainment during the 1st quarter valued at about $37,000. Skylands Capital LLC bought a new stake in shares of AMC Entertainment during the second quarter valued at about $50,000. Powell Investment Advisors LLC purchased a new stake in shares of AMC Entertainment in the first quarter worth about $55,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of AMC Entertainment by 817.4% in the fourth 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 during the period. Hedge funds and other 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.