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 brokerages that are presently covering the firm, MarketBeat.com reports. Two research 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 brokers that have updated their coverage on the stock in the last year is $4.65.

A number of brokerages have weighed in on AMC. Macquarie restated a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Monday, March 3rd. Roth Capital set a $3.25 price objective on AMC Entertainment in a research note on Tuesday, February 4th. Roth Mkm dropped their target price on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup restated a “sell” rating and set a $2.30 price target (down from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th.

Institutional Trading of AMC Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in shares of AMC Entertainment during the third quarter valued at $893,000. 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 acquiring an additional 1,558,554 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of AMC Entertainment in the third quarter worth approximately $72,000. KBC Group NV raised its holdings in shares of AMC Entertainment by 7,771.5% during the fourth quarter. KBC Group NV now owns 648,141 shares of the company’s stock valued at $2,580,000 after purchasing an additional 639,907 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in AMC Entertainment during the fourth quarter valued at approximately $289,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Price Performance

NYSE:AMC opened at $2.67 on Friday. The firm’s 50-day moving average price is $2.93 and its 200-day moving average price is $3.67. The company has a market capitalization of $1.15 billion, a PE ratio of -1.66 and a beta of 1.64. AMC Entertainment has a 1-year low of $2.45 and a 1-year high of $11.88.

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.