AMC Entertainment (NYSE:AMC) Receives Hold Rating from Benchmark

Benchmark reiterated their hold rating on shares of AMC Entertainment (NYSE:AMC - Free Report) in a research report sent to investors on Monday morning,Benzinga reports.

A number of other analysts have also recently weighed in on the stock. B. Riley dropped their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. Roth Mkm upgraded AMC Entertainment from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $4.00 to $3.25 in a research report on Tuesday, February 4th. Macquarie restated a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, February 26th. Finally, Roth Capital set a $3.25 target price on AMC Entertainment in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $4.81.

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AMC Entertainment Price Performance

NYSE:AMC traded down $0.04 during midday trading on Monday, reaching $3.02. 6,697,342 shares of the company traded hands, compared to its average volume of 10,638,231. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88. The company has a fifty day moving average price of $3.49 and a 200 day moving average price of $4.18. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -1.87 and a beta of 1.88.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently modified their holdings of AMC. Creative Planning acquired a new position in AMC Entertainment during the third quarter worth about $48,000. Private Advisor Group LLC boosted its position in shares of AMC Entertainment by 27.5% during the 3rd quarter. Private Advisor Group LLC now owns 15,011 shares of the company's stock valued at $68,000 after purchasing an additional 3,237 shares in the last quarter. Amalgamated Bank grew its stake in shares of AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after purchasing an additional 2,771 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of AMC Entertainment by 20.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,711 shares of the company's stock worth $208,000 after purchasing an additional 7,661 shares in the last quarter. Finally, KBC Group NV acquired a new stake in AMC Entertainment during the third quarter valued at approximately $37,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

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.