AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Average Recommendation of “Reduce” by Brokerages

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given a consensus rating of “Reduce” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.76.

A number of equities analysts have recently issued reports on AMC shares. Macquarie reiterated a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, February 26th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Roth Capital set a $3.25 target price on AMC Entertainment in a research note on Tuesday, February 4th. StockNews.com upgraded AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Finally, Citigroup decreased their price target on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a report on Friday.

Institutional Trading of AMC Entertainment

A number of large investors have recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after acquiring an additional 2,771 shares in the last quarter. Private Advisor Group LLC raised its position in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after purchasing an additional 3,237 shares during the period. Tidal Investments LLC lifted its holdings in shares of AMC Entertainment by 15.7% during the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock valued at $114,000 after purchasing an additional 3,885 shares in the last quarter. State of Wyoming grew its position in shares of AMC Entertainment by 10.8% in the 4th quarter. State of Wyoming now owns 58,213 shares of the company’s stock valued at $232,000 after purchasing an additional 5,661 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of AMC Entertainment by 68.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock valued at $63,000 after purchasing an additional 6,473 shares during the period. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

AMC stock opened at $2.99 on Thursday. The business has a fifty day moving average price of $3.43 and a 200 day moving average price of $4.13. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -1.85 and a beta of 1.91.

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.