Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Price Target at $4.76

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been given an average recommendation of “Reduce” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.76.

A number of analysts have recently issued reports on AMC shares. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Macquarie restated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, February 26th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research report on Saturday, February 22nd. Roth Mkm raised shares of AMC Entertainment from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $4.00 to $3.25 in a research note on Tuesday, February 4th. Finally, Roth Capital set a $3.25 price objective on shares of AMC Entertainment in a research note on Tuesday, February 4th.

Institutional Investors Weigh In On AMC Entertainment

Large investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its stake in shares of AMC Entertainment by 831.5% in the fourth quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after purchasing an additional 9,679 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in AMC Entertainment by 68.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock worth $63,000 after buying an additional 6,473 shares during the period. Traphagen Investment Advisors LLC bought a new stake in shares of AMC Entertainment in the 4th quarter worth approximately $64,000. Sanctuary Advisors LLC purchased a new position in shares of AMC Entertainment during the third quarter valued at approximately $72,000. Finally, Cresset Asset Management LLC bought a new position in shares of AMC Entertainment during the fourth quarter valued at approximately $88,000. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Down 1.1 %

NYSE:AMC opened at $2.75 on Monday. The stock has a market cap of $1.19 billion, a P/E ratio of -1.71 and a beta of 1.91. The business’s 50-day moving average price is $3.16 and its two-hundred day moving average price is $3.91. AMC Entertainment has a twelve month low of $2.38 and a twelve 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.