AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $4.81 Average PT from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have received a consensus rating of “Reduce” from the eight research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.76.

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

AMC Entertainment Stock Performance

AMC opened at $2.96 on Thursday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -1.84 and a beta of 1.91. The company has a fifty day moving average of $3.39 and a 200 day moving average of $4.11. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

Hedge Funds Weigh In On AMC Entertainment

Large investors have recently modified their holdings of the stock. KBC Group NV bought a new position in shares of AMC Entertainment during the 3rd quarter valued at approximately $37,000. Creative Planning bought a new position in AMC Entertainment in the 3rd quarter valued at $48,000. 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 valued at $43,000 after acquiring an additional 9,679 shares during the last quarter. Amalgamated Bank grew its position in AMC Entertainment by 31.5% in the 3rd 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 last quarter. Finally, Private Advisor Group LLC grew its position in AMC Entertainment by 27.5% in the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after acquiring an additional 3,237 shares during the last quarter. Institutional investors own 28.80% of the company’s stock.

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.