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

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

Several equities research analysts have recently commented on the company. Roth Capital set a $3.25 price objective 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. Macquarie reaffirmed a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, February 26th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Finally, Citigroup lowered their price target on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a report on Friday, March 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of AMC Entertainment by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock valued at $146,681,000 after purchasing an additional 1,558,554 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AMC Entertainment by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company’s stock worth $32,927,000 after purchasing an additional 223,877 shares during the last quarter. State Street Corp lifted its position in shares of AMC Entertainment by 14.6% in the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock worth $33,458,000 after buying an additional 936,618 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in AMC Entertainment by 8.8% during 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 buying an additional 327,019 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in AMC Entertainment by 12.6% during the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after buying an additional 370,408 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Trading Down 2.9 %

Shares of AMC stock opened at $2.88 on Monday. The company has a 50 day simple moving average of $3.20 and a two-hundred day simple moving average of $3.95. The stock has a market cap of $1.24 billion, a P/E ratio of -1.79 and a beta of 1.91. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88.

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.