Analysts Set AMC Entertainment Holdings, Inc. (NYSE:AMC) PT at $6.35

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) has received a consensus rating of "Strong Sell" from the five research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $6.35.

A number of research firms have weighed in on AMC. B. Riley cut their price target on shares of AMC Entertainment from $12.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, February 29th. Wedbush reaffirmed a "neutral" rating and set a $6.00 price target on shares of AMC Entertainment in a research note on Friday, February 23rd.

Institutional Investors Weigh In On AMC Entertainment

Several large investors have recently made changes to their positions in AMC. American Century Companies Inc. increased its stake in AMC Entertainment by 17.5% during the 1st quarter. American Century Companies Inc. now owns 20,312 shares of the company's stock worth $500,000 after buying an additional 3,020 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in AMC Entertainment by 49.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 44,525 shares of the company's stock worth $1,097,000 after buying an additional 14,732 shares during the period. Panagora Asset Management Inc. increased its stake in AMC Entertainment by 141.2% during the 1st quarter. Panagora Asset Management Inc. now owns 50,244 shares of the company's stock worth $1,238,000 after buying an additional 29,413 shares during the period. Cibc World Market Inc. purchased a new stake in AMC Entertainment during the 1st quarter worth $321,000. Finally, Prudential PLC purchased a new stake in AMC Entertainment during the 1st quarter worth $275,000. Institutional investors and hedge funds own 28.79% of the company's stock.

AMC Entertainment Trading Down 1.3 %

Shares of AMC Entertainment stock traded down $0.05 on Thursday, reaching $4.20. 7,540,777 shares of the stock were exchanged, compared to its average volume of 14,110,924. AMC Entertainment has a 1-year low of $3.59 and a 1-year high of $62.30. The business has a fifty day moving average price of $4.37 and a two-hundred day moving average price of $6.67. The firm has a market capitalization of $1.10 billion, a PE ratio of -1.79 and a beta of 1.64.

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.