AMC Entertainment (NYSE:AMC) Price Target Cut to $2.80 by Analysts at Citigroup

AMC Entertainment (NYSE:AMC) had its price target reduced by Citigroup from $2.90 to $2.80 in a research report report published on Friday morning,Benzinga reports. They currently have a sell rating on the stock.

Several other equities research analysts have also weighed in on AMC. B. Riley decreased their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Macquarie reissued a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, February 26th. StockNews.com raised AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Roth Capital set a $3.25 price objective on AMC Entertainment in a report on Tuesday, February 4th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.76.

AMC Entertainment Price Performance

NYSE AMC opened at $3.07 on Friday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -1.90 and a beta of 1.91. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The business’s fifty day moving average is $3.45 and its 200-day moving average is $4.15.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its holdings in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after purchasing an additional 3,237 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of AMC Entertainment by 15.7% during the fourth quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock worth $114,000 after purchasing an additional 3,885 shares in the last quarter. State of Wyoming grew its holdings in shares of AMC Entertainment by 10.8% during the fourth quarter. State of Wyoming now owns 58,213 shares of the company’s stock worth $232,000 after purchasing an additional 5,661 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of AMC Entertainment by 68.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company’s stock worth $63,000 after purchasing an additional 6,473 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

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.