AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Consensus Rating of “Reduce” from Analysts

AMC Entertainment Holdings, Inc. (NYSE:AMC) has received an average rating of “Reduce” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.84.

A number of brokerages recently issued reports on AMC. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th. Macquarie increased their target price on shares of AMC Entertainment from $3.50 to $4.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 9th. Morgan Stanley cut their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Finally, Wedbush reiterated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th.

AMC Entertainment Trading Up 0.7 %

AMC Entertainment stock opened at $4.38 on Friday. The firm has a market cap of $1.58 billion, a PE ratio of -2.98 and a beta of 1.83. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The stock’s 50 day simple moving average is $4.53 and its two-hundred day simple moving average is $4.65.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently bought and sold shares of the company. Skylands Capital LLC purchased a new stake in shares of AMC Entertainment during the second quarter worth $50,000. Creative Planning purchased a new stake in AMC Entertainment during the 3rd quarter valued at about $48,000. Amalgamated Bank raised its holdings in AMC Entertainment by 31.5% in the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after acquiring an additional 2,771 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment in the 3rd quarter worth approximately $55,000. Finally, Private Advisor Group LLC boosted its holdings 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 worth $68,000 after purchasing an additional 3,237 shares during the last quarter. 28.80% of the stock is currently 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.