AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Average Recommendation of "Reduce" by Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has been assigned an average rating of "Reduce" from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.76.

A number of research firms have weighed in on AMC. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Roth Mkm upgraded AMC Entertainment from a "sell" rating to a "neutral" rating and cut their price target for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. Citigroup cut their price target on AMC Entertainment from $2.90 to $2.80 and set a "sell" rating on the stock in a research note on Friday. Roth Capital set a $3.25 price target on AMC Entertainment in a research note on Tuesday, February 4th. Finally, Macquarie restated a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently made changes to their positions in AMC. Charles Schwab Investment Management Inc. grew its holdings in shares of AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock worth $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of AMC Entertainment by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock worth $146,681,000 after buying an additional 1,558,554 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of AMC Entertainment by 85.4% during the fourth quarter. Marshall Wace LLP now owns 2,801,788 shares of the company's stock worth $11,151,000 after buying an additional 1,290,376 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of AMC Entertainment by 91.5% during the fourth quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company's stock worth $9,009,000 after buying an additional 1,081,464 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of AMC Entertainment by 14.6% during the third quarter. State Street Corp now owns 7,353,442 shares of the company's stock worth $33,458,000 after buying an additional 936,618 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company's stock.

Remove Ads

AMC Entertainment Price Performance

Shares of NYSE AMC traded up $0.06 during mid-day trading on Thursday, hitting $3.07. The company had a trading volume of 6,560,595 shares, compared to its average volume of 10,547,651. The company has a market capitalization of $1.32 billion, a PE ratio of -1.90 and a beta of 1.91. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88. The business's 50-day simple moving average is $3.45 and its 200 day simple moving average is $4.15.

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.