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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $3.2583.

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a report on Wednesday, October 8th. Wall Street Zen lowered AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Zacks Research downgraded AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Citigroup reduced their price target on shares of AMC Entertainment from $2.70 to $2.30 and set a “sell” rating on the stock in a research note on Thursday, November 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMC. Vanguard Group Inc. boosted its holdings in shares of AMC Entertainment by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 50,119,260 shares of the company’s stock valued at $145,346,000 after acquiring an additional 5,793,996 shares in the last quarter. UBS Group AG raised its position in AMC Entertainment by 4,537.9% in the third quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock valued at $67,265,000 after purchasing an additional 22,694,842 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of AMC Entertainment by 17,925.0% during the second quarter. Marshall Wace LLP now owns 11,998,516 shares of the company’s stock valued at $37,195,000 after purchasing an additional 11,931,950 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of AMC Entertainment by 10.6% during the second quarter. Geode Capital Management LLC now owns 10,253,501 shares of the company’s stock worth $31,790,000 after purchasing an additional 982,532 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of AMC Entertainment by 6.7% in the first quarter. Northern Trust Corp now owns 3,540,656 shares of the company’s stock valued at $10,162,000 after buying an additional 222,375 shares during the period. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Stock Up 2.2%

AMC opened at $1.60 on Wednesday. AMC Entertainment has a twelve month low of $1.50 and a twelve month high of $4.13. The stock has a market capitalization of $818.14 million, a price-to-earnings ratio of -1.13 and a beta of 0.72. The company has a 50-day simple moving average of $2.16 and a 200 day simple moving average of $2.68.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. Sell-side analysts anticipate that AMC Entertainment will post -1.38 EPS for the current fiscal year.

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.