AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Average Recommendation of "Reduce" from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has been assigned an average rating of "Reduce" from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $4.76.

Several equities research analysts have recently issued reports on AMC shares. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Roth Capital set a $3.25 price target on AMC Entertainment in a research report on Tuesday, February 4th. Citigroup decreased their target price on AMC Entertainment from $2.90 to $2.80 and set a "sell" rating on the stock in a research report on Friday. Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $4.00 to $3.25 in a research report on Tuesday, February 4th. Finally, StockNews.com raised AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd.

AMC Entertainment Stock Performance

Shares of NYSE:AMC traded up $0.06 during midday trading on Thursday, hitting $3.07. The company's stock had a trading volume of 6,560,595 shares, compared to its average volume of 10,547,651. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -1.90 and a beta of 1.91. The stock's 50 day simple moving average is $3.45 and its 200 day simple moving average is $4.15. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.

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Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock valued at $16,860,000 after purchasing an additional 2,243,052 shares in the last quarter. Virtu Financial LLC acquired a new stake in AMC Entertainment during the third quarter valued at approximately $893,000. Geode Capital Management LLC boosted its holdings in AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock valued at $36,622,000 after purchasing an additional 866,757 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in AMC Entertainment during the third quarter valued at approximately $72,000. Finally, KBC Group NV boosted its holdings in AMC Entertainment by 7,771.5% during the fourth quarter. KBC Group NV now owns 648,141 shares of the company's stock valued at $2,580,000 after purchasing an additional 639,907 shares in the last quarter. 28.80% of the stock is 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.