AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $2.66 Consensus Target Price from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been assigned an average recommendation of “Reduce” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.66.

Several brokerages have weighed in on AMC. Wall Street Zen lowered shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research note on Wednesday, January 21st. Macquarie Infrastructure lowered their price objective on AMC Entertainment from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. 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. Finally, Zacks Research lowered AMC Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th.

AMC Entertainment Trading Down 2.0%

AMC stock opened at $1.20 on Thursday. The firm has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $2.28. The company has a market capitalization of $614.10 million, a P/E ratio of -0.85 and a beta of 1.77. AMC Entertainment has a twelve month low of $1.19 and a twelve month high of $4.08.

Institutional Trading of AMC Entertainment

Several institutional investors have recently added to or reduced their stakes in AMC. Ameritas Investment Partners Inc. lifted its position in shares of AMC Entertainment by 8.7% in the second quarter. Ameritas Investment Partners Inc. now owns 44,447 shares of the company’s stock worth $138,000 after purchasing an additional 3,558 shares in the last quarter. Wealthfront Advisers LLC lifted its position in AMC Entertainment by 7.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 81,455 shares of the company’s stock worth $236,000 after buying an additional 5,763 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of AMC Entertainment by 59.5% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after buying an additional 6,536 shares during the period. Victory Capital Management Inc. grew its holdings in shares of AMC Entertainment by 14.3% during the 3rd quarter. Victory Capital Management Inc. now owns 58,710 shares of the company’s stock valued at $170,000 after acquiring an additional 7,339 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of AMC Entertainment by 761.8% in the third quarter. Jones Financial Companies Lllp now owns 8,480 shares of the company’s stock worth $25,000 after acquiring an additional 7,496 shares during the last quarter. Institutional investors 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.