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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been assigned an average rating of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.76.

Several research analysts have issued reports on AMC shares. Macquarie reaffirmed a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, February 26th. Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Citigroup dropped their price target on AMC Entertainment from $2.90 to $2.80 and set a “sell” rating on the stock in a research note on Friday, March 7th. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Saturday, February 22nd. Finally, Roth Capital set a $3.25 price target on shares of AMC Entertainment in a report on Tuesday, February 4th.

AMC Entertainment Price Performance

NYSE AMC opened at $2.67 on Monday. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The company has a market capitalization of $1.15 billion, a P/E ratio of -1.66 and a beta of 1.91. The company’s 50 day simple moving average is $3.13 and its 200 day simple moving average is $3.87.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMC. Charles Schwab Investment Management Inc. boosted its stake in shares of AMC Entertainment by 153.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock valued at $16,860,000 after buying an additional 2,243,052 shares during the period. Virtu Financial LLC acquired a new stake in AMC Entertainment during the third quarter valued at $893,000. Geode Capital Management LLC grew its stake in AMC Entertainment by 12.1% in the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company’s stock valued at $36,622,000 after purchasing an additional 866,757 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in AMC Entertainment in the 3rd quarter worth about $72,000. Finally, KBC Group NV raised its stake in shares of AMC Entertainment by 7,771.5% during the 4th quarter. KBC Group NV now owns 648,141 shares of the company’s stock worth $2,580,000 after purchasing an additional 639,907 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.