Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $5.08

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has earned an average recommendation of "Reduce" from the eight analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.08.

AMC has been the subject of a number of research analyst reports. Macquarie reiterated an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. B. Riley decreased their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a report on Tuesday, November 12th. Finally, Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and lowered their target price for the company from $4.00 to $3.25 in a report on Tuesday, February 4th.

AMC Entertainment Price Performance

NYSE AMC traded up $0.19 during trading hours on Friday, hitting $3.50. The company's stock had a trading volume of 17,950,472 shares, compared to its average volume of 10,843,040. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The company's 50 day simple moving average is $3.80 and its two-hundred day simple moving average is $4.37. The company has a market cap of $1.31 billion, a P/E ratio of -2.17 and a beta of 1.88.

Institutional Trading of AMC Entertainment

Several hedge funds have recently bought and sold shares of the stock. KBC Group NV purchased a new position in shares of AMC Entertainment during the 3rd quarter valued at about $37,000. Creative Planning purchased a new position in AMC Entertainment during the third quarter valued at approximately $48,000. Amalgamated Bank lifted its holdings in AMC Entertainment by 31.5% during 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. Burns Matteson Capital Management LLC bought a new position in shares of AMC Entertainment in the third quarter worth approximately $55,000. Finally, Private Advisor Group LLC increased its stake in shares of AMC Entertainment by 27.5% in the third 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 in 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.