AMC Entertainment Holdings, Inc. (NYSE:AMC) Stock Has Consensus Target Price of $2.67 According to Analysts

Key Points

• AMC Entertainment has a “Moderate Buy” consensus rating from 10 analysts: three recommend buying, two strongly recommend buying, three advise holding, and two recommend selling. The average 12-month price target is $2.67.
• Recent analyst actions were mixed but included Benchmark raising its price target to $3.00 and Texas Capital upgrading the stock to “strong buy”; Needham issued the highest cited target at $3.50.
• AMC shares opened at $2.90, with a 12-month trading range of $0.93 to $3.40. Institutional investors and hedge funds own approximately 28.8% of the company.

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $2.67.

A number of analysts have recently issued reports on the stock. Benchmark reaffirmed a "buy" rating and set a $3.00 price target (up from $2.50) on shares of AMC Entertainment in a report on Tuesday, July 21st. Weiss Ratings raised shares of AMC Entertainment from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, August 31st. B. Riley Financial restated a "neutral" rating on shares of AMC Entertainment in a research report on Monday, October 19th. Needham & Company LLC set a $3.50 target price on shares of AMC Entertainment in a report on Tuesday, July 21st. Finally, Texas Capital upgraded shares of AMC Entertainment from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 15th.

AMC Entertainment Trading Up 0.2%

AMC Entertainment stock opened at $2.90 on Tuesday. AMC Entertainment has a 12 month low of $0.93 and a 12 month high of $3.40. The stock has a fifty day simple moving average of $2.76 and a two-hundred day simple moving average of $1.95. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -2.71 and a beta of 1.97.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Readystate Asset Management LP purchased a new position in shares of AMC Entertainment in the 2nd quarter worth $8,343,000. Fund 1 Investments LLC bought a new stake in shares of AMC Entertainment in the second quarter worth $4,192,000. Headlands Technologies LLC bought a new stake in shares of AMC Entertainment in the second quarter worth $1,643,000. WINTON GROUP Ltd bought a new stake in shares of AMC Entertainment in the second quarter worth $969,000. Finally, Bank of America Corp DE increased its position in AMC Entertainment by 34.3% during the first quarter. Bank of America Corp DE now owns 543,857 shares of the company's stock valued at $533,000 after acquiring an additional 138,853 shares during the last quarter. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

About AMC Entertainment

AMC Entertainment Holdings, Inc is one of the world's largest theatrical exhibition companies. Through its AMC Theatres and ODEON Cinemas Group brands, the company operates movie theaters that showcase new film releases and provide audiences with premium viewing experiences.

AMC's theater offerings include standard and large-format screens, IMAX and Dolby Cinema experiences, reserved seating, mobile and online ticketing, and food and beverage services. The company also operates loyalty programs, including AMC Stubs, and offers subscription and membership products in select markets.

Founded in 1920, AMC serves moviegoers primarily in the United States and Europe.

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