AMC Entertainment Holdings, Inc. (NYSE:AMC) Given Consensus Rating of "Hold" by Brokerages

Key Points

• AMC Entertainment Holdings, Inc. has received a consensus recommendation of "Hold" from analysts, with one sell rating, five hold ratings, and one buy rating.
• The average price target set by brokerages for AMC stock over the next 12 months is $3.3250.
• Recent activity shows institutional investors increasing their stake in AMC, with ownership now at 28.80% of the company's stock.

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $3.3250.

AMC has been the subject of a number of research analyst reports. Wall Street Zen raised AMC Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. B. Riley began coverage on shares of AMC Entertainment in a report on Friday, May 16th. They set a "neutral" rating and a $3.00 price objective on the stock. Wedbush upgraded AMC Entertainment from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $3.00 to $4.00 in a report on Friday, July 11th. Finally, Citigroup increased their price target on AMC Entertainment from $2.60 to $2.70 and gave the company a "sell" rating in a report on Tuesday, August 19th.

AMC Entertainment Stock Performance

Shares of AMC opened at $2.85 on Thursday. AMC Entertainment has a 1 year low of $2.45 and a 1 year high of $5.56. The stock has a market capitalization of $1.46 billion, a PE ratio of -3.20 and a beta of 1.49. The stock has a 50-day simple moving average of $3.04 and a 200-day simple moving average of $3.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMC. Pitcairn Co. bought a new stake in shares of AMC Entertainment during the 2nd quarter worth about $34,000. Headlands Technologies LLC acquired a new stake in shares of AMC Entertainment in the second quarter valued at about $447,000. Tower Research Capital LLC TRC raised its position in shares of AMC Entertainment by 245.9% during the second quarter. Tower Research Capital LLC TRC now owns 43,740 shares of the company's stock valued at $136,000 after buying an additional 31,096 shares during the last quarter. Man Group plc acquired a new position in shares of AMC Entertainment during the second quarter valued at about $1,800,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of AMC Entertainment during the 2nd quarter valued at about $510,000. Institutional investors own 28.80% of the company's stock.

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.

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