AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $2.66 Consensus PT from Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMCGet Free Report) have earned a consensus recommendation of “Reduce” from the eight research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $2.66.

Several analysts have recently weighed in on the company. Zacks Research downgraded AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Citigroup restated a “sell” rating and set a $1.30 price objective (down previously from $2.30) on shares of AMC Entertainment in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, January 21st. Macquarie decreased their price target on shares of AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Finally, Wall Street Zen lowered shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th.

Get Our Latest Stock Analysis on AMC Entertainment

AMC Entertainment Stock Up 1.1%

Shares of NYSE:AMC opened at $1.39 on Friday. The company has a market capitalization of $710.42 million, a price-to-earnings ratio of -0.98 and a beta of 0.72. The company has a 50 day moving average of $1.81 and a two-hundred day moving average of $2.47. AMC Entertainment has a 52-week low of $1.35 and a 52-week high of $4.08.

AMC Entertainment (NYSE:AMCGet Free Report) last announced its earnings results on Wednesday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.03). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned ($0.04) EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of hedge funds have recently bought and sold shares of AMC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in AMC Entertainment by 21.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 240,255 shares of the company’s stock valued at $690,000 after buying an additional 41,860 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of AMC Entertainment by 30.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 710,181 shares of the company’s stock worth $2,038,000 after acquiring an additional 164,740 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of AMC Entertainment by 22.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 89,192 shares of the company’s stock valued at $276,000 after acquiring an additional 16,600 shares during the last quarter. Traphagen Investment Advisors LLC raised its position in shares of AMC Entertainment by 26.3% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 30,008 shares of the company’s stock valued at $93,000 after acquiring an additional 6,252 shares in the last quarter. Finally, SLT Holdings LLC bought a new position in AMC Entertainment during the second quarter worth $124,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

Key AMC Entertainment News

Here are the key news stories impacting AMC Entertainment this week:

AMC Entertainment Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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