Brokerages Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $4.65

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have been assigned a consensus rating of "Reduce" from the eight research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $4.65.

Several equities research analysts have issued reports on the stock. Roth Capital set a $3.25 price target on shares of AMC Entertainment in a report on Tuesday, February 4th. Benchmark reissued a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. Roth Mkm cut their price objective on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Macquarie reaffirmed a "neutral" rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, February 26th. Finally, Citigroup reissued a "sell" rating and issued a $2.30 target price (down from $2.80) on shares of AMC Entertainment in a research note on Thursday, April 24th.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legacy Financial Strategies LLC acquired a new position in shares of AMC Entertainment during the first quarter worth about $29,000. Sterling Capital Management LLC grew its stake in shares of AMC Entertainment by 831.5% during the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock worth $43,000 after acquiring an additional 9,679 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of AMC Entertainment in the first quarter valued at approximately $36,000. Sanctuary Advisors LLC bought a new stake in shares of AMC Entertainment in the third quarter worth $72,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in AMC Entertainment by 68.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 15,947 shares of the company's stock valued at $63,000 after purchasing an additional 6,473 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors and hedge funds.

AMC Entertainment Trading Down 3.9 %

AMC traded down $0.11 on Friday, hitting $2.58. 1,400,652 shares of the stock traded hands, compared to its average volume of 22,900,314. AMC Entertainment has a 52 week low of $2.45 and a 52 week high of $11.88. The firm has a market capitalization of $1.11 billion, a PE ratio of -1.60 and a beta of 1.64. The business has a fifty day moving average price of $2.93 and a two-hundred day moving average price of $3.67.

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.