AMC Entertainment Holdings Inc (NYSE:AMC) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.35.

A number of brokerages have recently weighed in on AMC. Imperial Capital dropped their target price on AMC Entertainment from $6.00 to $4.00 and set an “in-line” rating on the stock in a report on Tuesday, June 30th. Macquarie reiterated a “hold” rating and issued a $5.00 target price on shares of AMC Entertainment in a report on Wednesday, June 10th. B. Riley raised their price objective on shares of AMC Entertainment from $4.00 to $5.50 and gave the company a “neutral” rating in a research report on Monday. Credit Suisse Group cut shares of AMC Entertainment from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $4.00 to $2.00 in a research note on Monday, June 29th. Finally, Barrington Research restated a “hold” rating on shares of AMC Entertainment in a research note on Tuesday.

Shares of AMC traded down $0.05 during trading hours on Friday, reaching $5.67. The company’s stock had a trading volume of 58,853 shares, compared to its average volume of 7,033,479. The firm has a market cap of $625.31 million, a price-to-earnings ratio of -0.21 and a beta of 1.87. AMC Entertainment has a 1-year low of $1.95 and a 1-year high of $11.54. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 3.97. The company has a 50 day moving average of $5.44 and a two-hundred day moving average of $4.55.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Thursday, August 6th. The company reported ($5.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.00) by ($1.44). The business had revenue of $18.90 million during the quarter, compared to analyst estimates of $20.96 million. AMC Entertainment had a negative net margin of 75.33% and a negative return on equity of 28.65%. As a group, analysts forecast that AMC Entertainment will post -14.14 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp lifted its position in AMC Entertainment by 66.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 33,400 shares of the company’s stock worth $143,000 after acquiring an additional 13,300 shares during the last quarter. Principal Financial Group Inc. increased its stake in AMC Entertainment by 26.5% in 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. increased its stake in AMC Entertainment by 4.7% in the second 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 during the period. Public Employees Retirement System of Ohio increased its stake in AMC Entertainment by 24.2% in the second quarter. Public Employees Retirement System of Ohio now owns 14,236 shares of the company’s stock valued at $61,000 after acquiring an additional 2,771 shares during the period. Finally, Private Advisor Group LLC bought a new stake in AMC Entertainment in the second quarter valued at about $30,000. 23.36% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Company Profile

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.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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