AMC Entertainment Holdings, Inc. (NYSE:AMC) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $2.67.

Several equities analysts recently issued reports on the company. Citigroup restated a “sell” rating and set a $2.20 price target (up from $1.80) on shares of AMC Entertainment in a research note on Friday, September 25th. Roth Capital reaffirmed a “neutral” rating on shares of AMC Entertainment in a research report on Friday, October 23rd. UBS Group reaffirmed a “buy” rating on shares of AMC Entertainment in a research report on Tuesday, July 21st. Texas Capital upgraded shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, Needham & Company LLC set a $3.50 price target on shares of AMC Entertainment in a report on Tuesday, July 21st.

Read Our Latest Report on AMC Entertainment

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of AMC. Alta Advisers Ltd acquired a new position in AMC Entertainment during the 3rd quarter worth $38,000. Kestra Advisory Services LLC increased its stake in shares of AMC Entertainment by 24.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 17,162 shares of the company’s stock valued at $51,000 after buying an additional 3,393 shares during the period. Profund Advisors LLC increased its stake in shares of AMC Entertainment by 40.0% in the 3rd quarter. Profund Advisors LLC now owns 17,888 shares of the company’s stock valued at $54,000 after buying an additional 5,113 shares during the period. ProShare Advisors LLC raised its position in shares of AMC Entertainment by 39.8% during the third quarter. ProShare Advisors LLC now owns 114,066 shares of the company’s stock worth $342,000 after acquiring an additional 32,494 shares during the last quarter. Finally, State of Wyoming lifted its stake 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. Institutional investors own 28.80% of the company’s stock.

AMC Entertainment Stock Up 4.1%

Shares of AMC stock opened at $3.19 on Tuesday. AMC Entertainment has a 1 year low of $0.93 and a 1 year high of $3.40. The firm’s fifty day simple moving average is $2.82 and its 200 day simple moving average is $1.98.

About AMC Entertainment

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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