AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Rating of “Hold” from Analysts

by · The Markets Daily

AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.5286.

A number of brokerages recently commented on AMC. Zacks Research lowered AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 31st. Benchmark restated a “buy” rating and issued a $3.00 price objective (up from $2.50) on shares of AMC Entertainment in a report on Tuesday, July 21st. UBS Group reaffirmed a “buy” rating on shares of AMC Entertainment in a report on Tuesday, July 21st. Finally, Needham & Company LLC set a $3.50 price target on AMC Entertainment in a research note on Tuesday, July 21st.

Check Out Our Latest Stock Report on AMC

AMC Entertainment Stock Performance

AMC opened at $2.48 on Monday. The firm’s 50-day simple moving average is $2.42 and its 200-day simple moving average is $1.86. AMC Entertainment has a twelve month low of $0.93 and a twelve month high of $3.18. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -2.31 and a beta of 2.01.

AMC Entertainment (NYSE:AMC – Get Free Report) last announced its earnings results on Monday, July 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.17. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, sell-side analysts anticipate that AMC Entertainment will post -0.2 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

Several hedge funds have recently added to or reduced their stakes in AMC. UBS Group AG increased its stake in AMC Entertainment by 4,537.9% during the 3rd quarter. UBS Group AG now owns 23,194,957 shares of the company’s stock worth $67,265,000 after purchasing an additional 22,694,842 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of AMC Entertainment during the second quarter worth $8,343,000. Fund 1 Investments LLC acquired a new stake in shares of AMC Entertainment during the second quarter worth $4,192,000. Jump Financial LLC bought a new stake in AMC Entertainment in the 3rd quarter valued at $4,827,000. Finally, JPMorgan Chase & Co. lifted its position in AMC Entertainment by 87.6% in the 4th quarter. JPMorgan Chase & Co. now owns 3,120,561 shares of the company’s stock valued at $4,868,000 after acquiring an additional 1,457,493 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Company Profile

(Get Free Report)

AMC Entertainment Holdings, Inc is a movie exhibition company that operates cinemas in the United States and internationally. Its theaters show first-run films and offer a range of viewing formats, including premium large-screen, enhanced sound and 3D experiences, along with reserved seating and other in-theater amenities.

The company generates revenue primarily from movie admissions and the sale of food and beverages, including popcorn, drinks and other concessions. AMC also operates advertising and promotional programs, loyalty offerings through AMC Stubs, and initiatives that extend its cinema brand beyond traditional theater operations, including the sale of AMC-branded popcorn through retail channels.

AMC traces its history to 1920, when the Dubinsky Brothers opened their first theater in Kansas City, Missouri.

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