AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average “Strong Sell” Recommendation From Brokerages
Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Rating) have earned an average recommendation of “Reduce” from the seven brokerages that currently cover the stock, Marketbeat Ratings reports. Four equity research analysts rated the stock with a sell rating and two gave the company a hold rating. The 12-month average target price among analysts who updated their coverage of the stock in the past year is $3.22.
Several equity research analysts weighed in on the stock. Citigroup assumed coverage of AMC Entertainment stocks in a research report on Thursday, March 23. They set a rating of “sell” and a price target of $1.60 for the company. Roth Capital reaffirmed a “sell” rating on AMC Entertainment shares in a Monday, February 13 research report. Finally, StockNews.com upgraded AMC Entertainment shares to a “sell” rating in a Friday, May 12 research report.
Insider activity at AMC Entertainment
In other news from AMC Entertainment, major shareholder Antara Capital Lp purchased 380,900 shares in a deal that took place on Friday, March 3. The stock was purchased at an average cost of $6.48 per share, with a total value of $2,468,232.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders sold a total of 65,738,599 shares of the company worth $103,934,792 in the past three months. Insiders of the company hold 0.30% of the shares of the company.
Institutional entries and exits
A number of large investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in AMC Entertainment by 41.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,179 shares of the company valued at $25,000 after purchasing an additional 1,804 shares in the last quarter. Machina Capital SAS took a new stake in AMC Entertainment during the 1st quarter for a value of approximately $26,000. Covestor Ltd increased its stake in AMC Entertainment by 417.6% during the 1st quarter. Covestor Ltd now owns 1,061 shares of the company valued at $26,000 after buying an additional 856 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new equity stake in AMC Entertainment in the fourth quarter worth approximately $34,000. Finally, Mercer Global Advisors Inc. ADV purchased a new equity stake in AMC Entertainment in the fourth quarter worth approximately $46,000. 26.14% of the shares are held by hedge funds and other institutional investors.
AMC Entertainment shares down 3.7%
AMC shares opened at $4.70 on Friday. The stock has a market capitalization of $2.44 billion, a P/E ratio of -5.28 and a beta of 1.80. The company has a fifty-day simple moving average of $4.62 and a two-hundred-day simple moving average of $4.76. AMC Entertainment has a 12-month low of $3.77 and a 12-month high of $27.50.
AMC Entertainment (NYSE:AMC – Get Rating) last announced its quarterly results on Friday, March 31. The company reported ($0.04) earnings per share for the quarter. Sell-side analysts expect AMC Entertainment to post -0.37 EPS for the current fiscal year.
AMC Entertainment Company Profile (Get Rating)
AMC Entertainment Holdings, Inc. is engaged in theatrical exhibition business through its subsidiaries. It operates through the US Markets and International Markets segments. The US Markets segment is involved in the ownership, rental or operation of theaters and screens in the United States. The International Markets segment focuses on owning, renting or operating venues and screens in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal and Sweden. , Finland, Norway, Denmark and Saudi Arabia.
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