AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $4.76 Average PT from Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have earned a consensus recommendation of "Reduce" from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and six have given a hold rating to 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.

Several equities analysts recently commented on AMC shares. Roth Capital set a $3.25 target price on AMC Entertainment in a research report on Tuesday, February 4th. Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and cut their price objective for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a report on Saturday, February 22nd. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. Finally, Macquarie restated a "neutral" rating and issued a $4.00 price target on shares of AMC Entertainment in a research report on Wednesday, February 26th.

AMC Entertainment Stock Down 3.6 %

AMC traded down $0.10 during midday trading on Monday, reaching $2.65. 9,476,315 shares of the company's stock were exchanged, compared to its average volume of 23,620,057. The business has a 50-day simple moving average of $3.15 and a two-hundred day simple moving average of $3.90. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -1.65 and a beta of 1.91. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88.

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Hedge Funds Weigh In On AMC Entertainment

A number of large investors have recently modified their holdings of the stock. Sterling Capital Management LLC raised 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 during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of AMC Entertainment by 68.3% in the 4th 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 period. Traphagen Investment Advisors LLC bought a new stake in shares of AMC Entertainment during the fourth quarter worth $64,000. Sanctuary Advisors LLC acquired a new position in shares of AMC Entertainment during the third quarter valued at $72,000. Finally, Cresset Asset Management LLC acquired a new position in shares of AMC Entertainment during the fourth quarter valued at $88,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.