Citigroup Lowers AMC Entertainment (NYSE:AMC) Price Target to $2.80

AMC Entertainment (NYSE:AMC - Get Free Report) had its target price cut by stock analysts at Citigroup from $2.90 to $2.80 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "sell" rating on the stock. Citigroup's price target suggests a potential downside of 8.65% from the company's current price.

Other equities research analysts have also issued research reports about the company. Roth Capital set a $3.25 price target on AMC Entertainment in a research note on Tuesday, February 4th. Macquarie reissued a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, February 26th. B. Riley lowered their target price on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a research note on Saturday, February 22nd. 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 research note on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $4.76.

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AMC Entertainment Price Performance

AMC stock traded up $0.06 during mid-day trading on Friday, hitting $3.07. 6,560,595 shares of the stock were exchanged, compared to its average volume of 10,547,651. The business has a fifty day moving average price of $3.45 and a 200 day moving average price of $4.16. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -1.90 and a beta of 1.91.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in AMC Entertainment by 153.4% during the 3rd 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 during the period. Virtu Financial LLC purchased a new position in AMC Entertainment during the 3rd quarter valued at about $893,000. Geode Capital Management LLC increased its holdings in AMC Entertainment by 12.1% during the 3rd 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 during the period. Sanctuary Advisors LLC purchased a new position in AMC Entertainment during the 3rd quarter valued at about $72,000. Finally, KBC Group NV grew its holdings in shares of AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company's stock worth $2,580,000 after acquiring an additional 639,907 shares during the period. Hedge funds and other 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.