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

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.67.

Several brokerages have recently weighed in on AMC. Needham & Company LLC set a $3.50 target price on AMC Entertainment in a research note on Tuesday, July 21st. Benchmark reaffirmed a “buy” rating and set a $3.00 target price (up from $2.50) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Texas Capital upgraded AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Wedbush reiterated an “outperform” rating and set a $4.00 target price (up from $3.00) on shares of AMC Entertainment in a research note on Tuesday, July 21st. Finally, UBS Group reiterated a “buy” rating on shares of AMC Entertainment in a research note on Tuesday, July 21st.

AMC Entertainment Price Performance

AMC Entertainment stock opened at $3.06 on Tuesday. AMC Entertainment has a 12-month low of $0.93 and a 12-month high of $3.40. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -2.86 and a beta of 1.97. The firm’s fifty day moving average price is $2.81 and its 200 day moving average price is $1.98.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of AMC. Profund Advisors LLC increased its position in AMC Entertainment by 40.0% in the third quarter. Profund Advisors LLC now owns 17,888 shares of the company’s stock worth $54,000 after buying an additional 5,113 shares during the period. ProShare Advisors LLC lifted its stake in AMC Entertainment by 39.8% in the third quarter. ProShare Advisors LLC now owns 114,066 shares of the company’s stock valued at $342,000 after buying an additional 32,494 shares during the last quarter. State of Wyoming boosted its holdings in shares of AMC Entertainment by 892.0% during the third quarter. State of Wyoming now owns 261,206 shares of the company’s stock valued at $784,000 after acquiring an additional 234,874 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of AMC Entertainment by 447.5% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 425,400 shares of the company’s stock valued at $1,276,000 after acquiring an additional 347,700 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of AMC Entertainment by 41.7% during the third quarter. Sterling Capital Management LLC now owns 17,797 shares of the company’s stock valued at $53,000 after acquiring an additional 5,241 shares during the period. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Company Profile

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.