AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Rating of “Reduce” from Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average rating of “Reduce” by the eight brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.76.

Several analysts have issued reports on the stock. Roth Capital set a $3.25 target price on shares of AMC Entertainment in a research note on Tuesday, February 4th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Citigroup reduced their price target on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a report on Friday. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $4.00 to $3.25 in a report on Tuesday, February 4th. Finally, Macquarie reissued a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, February 26th.

Institutional Trading of AMC Entertainment

Several institutional investors have recently made changes to their positions in AMC. Creative Planning bought a new stake in shares of AMC Entertainment in the 3rd quarter valued at approximately $48,000. Private Advisor Group LLC lifted its position in shares of AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after buying an additional 3,237 shares during the period. Amalgamated Bank grew its position in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after acquiring an additional 2,771 shares during the period. Victory Capital Management Inc. raised its stake in AMC Entertainment by 20.1% during the third quarter. Victory Capital Management Inc. now owns 45,711 shares of the company’s stock worth $208,000 after acquiring an additional 7,661 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of AMC Entertainment during the third quarter valued at $37,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Stock Down 2.5 %

Shares of NYSE AMC opened at $2.99 on Thursday. The stock’s fifty day simple moving average is $3.43 and its 200 day simple moving average is $4.13. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -1.85 and a beta of 1.91. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.