AMC Entertainment Holdings, Inc. (NYSE:AMC) Receives Consensus Rating of "Reduce" from Brokerages

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) have been assigned an average rating of "Reduce" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.08.

Several equities analysts have recently commented on the stock. Roth Capital raised shares of AMC Entertainment from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and lowered their price target for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. B. Riley cut their price objective on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a "sell" rating in a research note on Friday. Finally, Benchmark reissued a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th.

AMC Entertainment Stock Up 2.2 %

Shares of AMC Entertainment stock traded up $0.08 on Friday, hitting $3.56. The stock had a trading volume of 9,985,023 shares, compared to its average volume of 10,363,593. The stock's 50-day simple moving average is $3.72 and its two-hundred day simple moving average is $4.34. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -2.21 and a beta of 1.88.

Institutional Investors Weigh In On AMC Entertainment

Several hedge funds have recently bought and sold shares of the business. KBC Group NV purchased a new stake in shares of AMC Entertainment in the 3rd quarter worth approximately $37,000. Sterling Capital Management LLC grew its stake in shares of AMC Entertainment by 831.5% in the fourth 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 during the last quarter. Creative Planning bought a new position in shares of AMC Entertainment during the third quarter valued at $48,000. Amalgamated Bank raised its holdings in AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company's stock worth $53,000 after buying an additional 2,771 shares during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment in the 3rd quarter worth approximately $55,000. 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.