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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned an average recommendation of “Reduce” from the eight research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.81.

Several equities research analysts have commented on the stock. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a research report on Tuesday, February 4th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Monday. B. Riley decreased their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, 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.

Institutional Investors Weigh In On AMC Entertainment

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in AMC Entertainment by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock worth $146,681,000 after buying an additional 1,558,554 shares during the period. Geode Capital Management LLC increased its stake in shares of AMC Entertainment by 2.8% in the 4th 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 in the last quarter. State Street Corp increased its stake in shares of AMC Entertainment by 14.6% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in AMC Entertainment by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company’s stock valued at $16,049,000 after purchasing an additional 327,019 shares during the period. Finally, Northern Trust Corp grew its position in AMC Entertainment by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after purchasing an additional 370,408 shares during the period. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Trading Down 1.1 %

AMC opened at $3.05 on Thursday. The stock has a market capitalization of $1.14 billion, a P/E ratio of -1.89 and a beta of 1.88. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The firm’s fifty day simple moving average is $3.49 and its 200 day simple moving average is $4.18.

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.