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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have been given an average rating of "Reduce" by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $4.76.

AMC has been the topic of several research reports. 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. Benchmark restated a "hold" rating on shares of AMC Entertainment in a research note on Monday, March 3rd. StockNews.com raised AMC Entertainment to a "sell" rating in a report on Saturday, February 22nd. Roth Capital set a $3.25 target price on AMC Entertainment in a report on Tuesday, February 4th. Finally, Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and decreased their price target for the company from $4.00 to $3.25 in a report on Tuesday, February 4th.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Private Advisor Group LLC grew its holdings in 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 acquiring an additional 3,237 shares in the last quarter. Tidal Investments LLC grew its holdings in AMC Entertainment by 15.7% during the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company's stock worth $114,000 after acquiring an additional 3,885 shares in the last quarter. State of Wyoming grew its holdings in AMC Entertainment by 10.8% during the 4th quarter. State of Wyoming now owns 58,213 shares of the company's stock worth $232,000 after acquiring an additional 5,661 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in AMC Entertainment by 68.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock worth $63,000 after acquiring an additional 6,473 shares in the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.

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AMC Entertainment Price Performance

Shares of NYSE:AMC traded up $0.06 on Thursday, hitting $3.07. 6,560,595 shares of the company's stock were exchanged, compared to its average volume of 10,547,651. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -1.90 and a beta of 1.88. The business's 50 day simple moving average is $3.45 and its two-hundred day simple moving average is $4.16.

About AMC Entertainment

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.