AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $4.76 Average PT from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have earned a consensus rating of “Reduce” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4.76.

Several research analysts have recently issued reports on AMC shares. Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. Macquarie reiterated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, February 26th. Citigroup decreased their price target on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a research note on Friday, March 7th. StockNews.com raised AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Finally, Roth Capital set a $3.25 price target on AMC Entertainment in a research report on Tuesday, February 4th.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC grew its stake in shares of AMC Entertainment by 831.5% in the fourth quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after acquiring an additional 9,679 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock valued at $63,000 after acquiring an additional 6,473 shares in the last quarter. Traphagen Investment Advisors LLC acquired a new position in AMC Entertainment during the fourth quarter worth $64,000. Sanctuary Advisors LLC purchased a new position in AMC Entertainment in the third quarter valued at about $72,000. Finally, Cresset Asset Management LLC acquired a new position in shares of AMC Entertainment during the 4th quarter worth $88,000. 28.80% of the stock is owned by hedge funds and other institutional investors.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $2.67 on Monday. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The firm has a market cap of $1.15 billion, a PE ratio of -1.66 and a beta of 1.91. The stock’s fifty day moving average price is $3.13 and its two-hundred day moving average price is $3.89.

AMC Entertainment Company Profile

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.