Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $5.30.
AMC has been the topic of a number of analyst reports. Credit Suisse Group lowered AMC Entertainment from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $4.00 to $2.00 in a report on Monday, June 29th. Macquarie reiterated a “hold” rating and set a $5.00 price target on shares of AMC Entertainment in a report on Wednesday, June 10th. B. Riley boosted their price objective on shares of AMC Entertainment from $4.00 to $5.00 in a research note on Wednesday, June 10th. Wedbush raised their target price on shares of AMC Entertainment from $4.00 to $7.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. Finally, MKM Partners cut their target price on shares of AMC Entertainment from $5.00 to $4.50 in a research report on Monday, July 13th.
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Shares of AMC opened at $5.79 on Friday. The firm’s 50 day moving average is $5.24 and its 200-day moving average is $4.58. AMC Entertainment has a 12-month low of $1.95 and a 12-month high of $12.13. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 8.02.
AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($5.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($4.00) by ($1.44). AMC Entertainment had a negative return on equity of 28.65% and a negative net margin of 75.33%. The business had revenue of $18.90 million during the quarter, compared to the consensus estimate of $20.96 million. On average, research analysts anticipate that AMC Entertainment will post -14.14 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of AMC Entertainment by 66.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 33,400 shares of the company’s stock valued at $143,000 after buying an additional 13,300 shares during the period. Principal Financial Group Inc. increased its stake in AMC Entertainment by 26.5% during the second quarter. Principal Financial Group Inc. now owns 79,755 shares of the company’s stock valued at $342,000 after acquiring an additional 16,693 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in AMC Entertainment by 4.7% in the 2nd quarter.
Charles Schwab Investment Management Inc. now owns 1,150,592 shares of the company’s stock valued at $4,937,000 after acquiring an additional 51,542 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of AMC Entertainment by 24.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,236 shares of the company’s stock worth $61,000 after acquiring an additional 2,771 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of AMC Entertainment during the 2nd quarter worth approximately $30,000. 23.36% of the stock is owned by institutional investors and hedge funds.
About AMC Entertainment
AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.