AMC Entertainment (NYSE:AMC) Shares Up 5.8% - What's Next?

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) shares rose 5.8% during mid-day trading on Monday . The stock traded as high as $2.94 and last traded at $2.81. Approximately 6,587,852 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 23,601,587 shares. The stock had previously closed at $2.65.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMC. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Citigroup reduced their price target on shares of AMC Entertainment from $2.90 to $2.80 and set a "sell" rating for the company in a research report on Friday, March 7th. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. 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 lowered their price target for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, AMC Entertainment presently has an average rating of "Hold" and an average price target of $4.76.

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AMC Entertainment Stock Up 0.9 %

The company has a fifty day moving average of $3.08 and a 200 day moving average of $3.80. The company has a market cap of $1.27 billion, a P/E ratio of -1.83 and a beta of 1.64.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in AMC Entertainment by 16.9% during the third quarter. The Manufacturers Life Insurance Company now owns 176,232 shares of the company's stock valued at $802,000 after buying an additional 25,489 shares during the period. FMR LLC grew its position in shares of AMC Entertainment by 43.5% during the 3rd quarter. FMR LLC now owns 60,877 shares of the company's stock valued at $277,000 after acquiring an additional 18,464 shares during the period. Janus Henderson Group PLC increased its stake in shares of AMC Entertainment by 39.2% in the 3rd quarter. Janus Henderson Group PLC now owns 128,574 shares of the company's stock worth $586,000 after purchasing an additional 36,231 shares in the last quarter. State Street Corp raised its holdings in AMC Entertainment by 14.6% in the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock worth $33,458,000 after purchasing an additional 936,618 shares during the period. Finally, XTX Topco Ltd purchased a new position in AMC Entertainment during the third quarter valued at $484,000. Hedge funds and other institutional investors own 28.80% of the company's stock.

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.