AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Average Rating of “Reduce” by Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned a consensus recommendation of “Reduce” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.76.

Several equities research analysts recently weighed in on the stock. Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a research note on Tuesday, February 4th. Macquarie reaffirmed a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, February 26th. Citigroup cut their target price on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a research report on Friday, March 7th. StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd.

AMC Entertainment Stock Up 0.9 %

AMC opened at $2.67 on Monday. The firm has a market capitalization of $1.15 billion, a P/E ratio of -1.66 and a beta of 1.91. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88. The firm’s 50 day moving average is $3.13 and its 200-day moving average is $3.89.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its position in AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after purchasing an additional 9,679 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted 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 worth $63,000 after buying an additional 6,473 shares in the last quarter. Traphagen Investment Advisors LLC bought a new stake in AMC Entertainment during the fourth quarter valued at $64,000. Sanctuary Advisors LLC purchased a new position in AMC Entertainment in the 3rd quarter worth approximately $72,000. Finally, Cresset Asset Management LLC purchased a new position in shares of AMC Entertainment during the 4th quarter valued at about $88,000. 28.80% of the stock is owned by institutional investors.

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.