Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) Price Target at $3.33

Key Points

• AMC Entertainment Holdings, Inc. has a consensus recommendation of "Hold" from seven ratings firms, with an average twelve-month price target of $3.33.
• Recent upgrades include a shift from "neutral" to "outperform" by Wedbush, increasing their price goal for AMC from $3.00 to $4.00.
• Institutional ownership of AMC is at 28.80%, with significant increases in stakes from major investors like Deutsche Bank and Northern Trust.

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have been given a consensus recommendation of "Hold" by the seven ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $3.3250.

Several research firms recently commented on AMC. Wedbush upgraded AMC Entertainment from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $3.00 to $4.00 in a report on Friday, July 11th. Citigroup lifted their price objective on AMC Entertainment from $2.60 to $2.70 and gave the stock a "sell" rating in a report on Tuesday, August 19th. 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 traded down $0.03 during trading hours on Monday, hitting $2.99. The company had a trading volume of 19,708,299 shares, compared to its average volume of 11,252,043. The firm has a fifty day moving average price of $2.97 and a 200-day moving average price of $2.97. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $5.56.

Institutional Investors Weigh In On AMC Entertainment

A number of large investors have recently made changes to their positions in the company. Deutsche Bank AG lifted its stake in shares of AMC Entertainment by 51.3% in the 4th quarter. Deutsche Bank AG now owns 282,815 shares of the company's stock worth $1,126,000 after purchasing an additional 95,834 shares during the period. Northern Trust Corp increased its holdings in AMC Entertainment by 6.7% during the first quarter. Northern Trust Corp now owns 3,540,656 shares of the company's stock valued at $10,162,000 after buying an additional 222,375 shares during the last quarter. Tidal Investments LLC raised its position in AMC Entertainment by 15.7% in the fourth quarter. Tidal Investments LLC now owns 28,581 shares of the company's stock worth $114,000 after acquiring an additional 3,885 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AMC Entertainment by 46.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 545,441 shares of the company's stock worth $2,171,000 after acquiring an additional 173,849 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of AMC Entertainment during the 1st quarter valued at $2,736,000. 28.80% of the stock is currently owned by institutional investors.

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.