AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $2.42 Average Price Target from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been given a consensus rating of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $2.45.

A number of analysts have recently commented on AMC shares. Roth Mkm reiterated a “neutral” rating and set a $2.00 target price on shares of AMC Entertainment in a research report on Thursday, April 23rd. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday. Benchmark upgraded AMC Entertainment from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Wednesday. Macquarie Infrastructure cut their target price on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Monday, April 20th.

AMC Entertainment Stock Performance

AMC opened at $1.50 on Tuesday. The business’s 50-day simple moving average is $1.29 and its 200-day simple moving average is $1.69. AMC Entertainment has a one year low of $0.93 and a one year high of $4.08. The stock has a market capitalization of $796.44 million, a P/E ratio of -1.42 and a beta of 2.14.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $979.19 million. During the same quarter in the prior year, the business earned ($0.58) EPS. The business’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities research analysts forecast that AMC Entertainment will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC increased its position in AMC Entertainment by 36.8% in the 1st quarter. Wealthfront Advisers LLC now owns 196,830 shares of the company’s stock valued at $193,000 after acquiring an additional 52,902 shares during the period. Hsbc Holdings PLC increased its position in AMC Entertainment by 16.4% in the 1st quarter. Hsbc Holdings PLC now owns 373,472 shares of the company’s stock valued at $376,000 after acquiring an additional 52,501 shares during the period. R Squared Ltd increased its position in AMC Entertainment by 349.7% in the 1st quarter. R Squared Ltd now owns 100,186 shares of the company’s stock valued at $98,000 after acquiring an additional 77,906 shares during the period. SG Americas Securities LLC acquired a new position in AMC Entertainment in the 1st quarter valued at about $147,000. Finally, Corient Private Wealth LLC acquired a new position in AMC Entertainment in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.