AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives $5.08 Consensus PT from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average rating of “Reduce” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $5.08.

Several equities research analysts have commented on AMC shares. B. Riley cut their price objective 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 upgraded AMC Entertainment to a “sell” rating in a research note on Friday. Roth Capital upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Macquarie reiterated an “underperform” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $4.00 to $3.25 in a research note on Tuesday, February 4th.

Institutional Investors Weigh In On AMC Entertainment

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in AMC Entertainment by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock valued at $146,681,000 after acquiring an additional 1,558,554 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AMC Entertainment by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company’s stock valued at $32,927,000 after acquiring an additional 223,877 shares during the last quarter. State Street Corp lifted its holdings in AMC Entertainment by 14.6% in the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock valued at $33,458,000 after acquiring an additional 936,618 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in AMC Entertainment by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company’s stock valued at $16,049,000 after acquiring an additional 327,019 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in AMC Entertainment by 12.6% in the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after acquiring an additional 370,408 shares during the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

AMC Entertainment Trading Up 2.2 %

NYSE:AMC opened at $3.56 on Friday. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The stock has a 50 day moving average of $3.72 and a two-hundred day moving average of $4.34. The firm has a market cap of $1.34 billion, a P/E ratio of -2.21 and a beta of 1.88.

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.