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

AMC Entertainment Holdings, Inc. (NYSE:AMC) has been given an average recommendation of “Reduce” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six 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 $4.76.

Several brokerages recently issued reports on AMC. Macquarie reiterated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, February 26th. Citigroup decreased their target price on shares of AMC Entertainment from $2.90 to $2.80 and set a “sell” rating for the company in a research note on Friday, March 7th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Monday, March 3rd. Roth Capital set a $3.25 price target on AMC Entertainment in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of AMC Entertainment by 153.4% during the third 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 last quarter. Virtu Financial LLC bought a new stake in AMC Entertainment in the 3rd quarter worth approximately $893,000. Geode Capital Management LLC raised its stake 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 buying an additional 866,757 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of AMC Entertainment during the 3rd quarter valued at $72,000. Finally, KBC Group NV boosted its stake in shares of AMC Entertainment by 7,771.5% in the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after buying an additional 639,907 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Performance

AMC stock opened at $2.88 on Monday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -1.79 and a beta of 1.91. The business’s 50 day moving average price is $3.20 and its two-hundred day moving average price is $3.95. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week 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.