AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) shares shot up 4% during mid-day trading on Tuesday . The company traded as high as $3.28 and last traded at $3.30. 1,202,840 shares changed hands during trading, a decline of 88% from the average session volume of 10,043,118 shares. The stock had previously closed at $3.17.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on AMC. StockNews.com upgraded AMC Entertainment to a "sell" rating in a report on Friday. Roth Capital upgraded AMC Entertainment from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Roth Mkm upgraded AMC Entertainment from a "sell" rating to a "neutral" rating and dropped their price objective for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. Benchmark restated a "hold" rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, Macquarie restated an "underperform" rating and set a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.08.
View Our Latest Report on AMC Entertainment
AMC Entertainment Trading Up 2.2 %
The stock has a 50-day simple moving average of $3.77 and a two-hundred day simple moving average of $4.36. The firm has a market capitalization of $1.34 billion, a P/E ratio of -2.21 and a beta of 1.88.
Institutional Investors Weigh In On AMC Entertainment
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of AMC Entertainment by 153.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock worth $16,860,000 after acquiring an additional 2,243,052 shares in the last quarter. Virtu Financial LLC bought a new position in shares of AMC Entertainment in the 3rd quarter worth $893,000. Geode Capital Management LLC raised its position in shares of AMC Entertainment by 12.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock worth $36,622,000 after acquiring an additional 866,757 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of AMC Entertainment in the 3rd quarter worth $72,000. Finally, KBC Group NV increased its position in AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company's stock valued at $2,580,000 after buying an additional 639,907 shares in the last quarter. 28.80% of the stock is owned by institutional investors.
About AMC Entertainment
(
Get Free Report)
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.
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