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

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 assigned an average recommendation of "Hold" from the seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $3.3250.

A number of brokerages have recently issued reports on AMC. Wedbush raised AMC Entertainment from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $3.00 to $4.00 in a research note on Friday, July 11th. Citigroup upped their price target on AMC Entertainment from $2.60 to $2.70 and gave the stock a "sell" rating in a report on Tuesday, August 19th. B. Riley began coverage on AMC Entertainment in a report on Friday, May 16th. They issued a "neutral" rating and a $3.00 price target on the stock. Finally, Wall Street Zen upgraded AMC Entertainment from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th.

AMC Entertainment Price Performance

Shares of AMC stock traded down $0.04 during trading hours on Thursday, reaching $2.78. 10,633,644 shares of the company's stock were exchanged, compared to its average volume of 10,733,134. The company has a market cap of $1.42 billion, a P/E ratio of -3.12 and a beta of 1.35. The company's 50 day moving average is $3.02 and its two-hundred day moving average is $3.02. AMC Entertainment has a 1 year low of $2.45 and a 1 year high of $5.56.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. Total Investment Management Inc. acquired a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $27,000. Legacy Financial Strategies LLC acquired a new stake in shares of AMC Entertainment in the 1st quarter worth approximately $29,000. Sovereign Financial Group Inc. acquired a new stake in shares of AMC Entertainment in the 2nd quarter worth approximately $32,000. Ground Swell Capital LLC acquired a new stake in AMC Entertainment during the 1st quarter valued at $30,000. Finally, CFO4Life Group LLC acquired a new stake in AMC Entertainment during the 2nd quarter valued at $33,000. Institutional investors and hedge funds 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.