AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned a consensus recommendation of “Reduce” from the eight analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.76.

AMC has been the topic of a number of recent research reports. Roth Capital set a $3.25 price target on AMC Entertainment in a research report on Tuesday, February 4th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Roth Mkm raised AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $4.00 to $3.25 in a research report on Tuesday, February 4th. Macquarie reissued a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th. Finally, Citigroup dropped their price target on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a research report on Friday, March 7th.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank lifted its stake in shares of AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares during the last quarter. Private Advisor Group LLC lifted its stake 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 purchasing an additional 3,237 shares during the last quarter. Tidal Investments LLC raised its stake in AMC Entertainment by 15.7% in the fourth quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock valued at $114,000 after buying an additional 3,885 shares during the last quarter. State of Wyoming raised its stake in AMC Entertainment by 10.8% in the fourth quarter. State of Wyoming now owns 58,213 shares of the company’s stock valued at $232,000 after buying an additional 5,661 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in 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 buying an additional 6,473 shares during the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Stock Down 0.5 %

Shares of AMC Entertainment stock opened at $2.96 on Thursday. The stock’s fifty day moving average is $3.39 and its two-hundred day moving average is $4.11. The company has a market capitalization of $1.28 billion, a PE ratio of -1.84 and a beta of 1.91. AMC Entertainment has a 52 week low of $2.38 and a 52 week high of $11.88.

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.