AMC Entertainment (NYSE:AMC) Price Target Cut to $2.80 by Analysts at Citigroup

AMC Entertainment (NYSE:AMC) had its price objective cut by Citigroup from $2.90 to $2.80 in a report released on Friday morning,Benzinga reports. They currently have a sell rating on the stock.

AMC has been the subject of several other reports. Macquarie restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Wednesday, February 26th. B. Riley cut their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com raised AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. Roth Mkm raised shares of AMC Entertainment from a “sell” rating to a “neutral” rating and cut their target price for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.76.

AMC Entertainment Trading Up 1.8 %

Shares of AMC opened at $3.07 on Friday. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88. The stock has a market cap of $1.15 billion, a P/E ratio of -1.90 and a beta of 1.88. The company has a 50-day moving average of $3.45 and a two-hundred day moving average of $4.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMC. Charles Schwab Investment Management Inc. increased its position in AMC Entertainment by 153.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company’s stock worth $16,860,000 after purchasing an additional 2,243,052 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of AMC Entertainment by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company’s stock worth $146,681,000 after buying an additional 1,558,554 shares during the last quarter. Marshall Wace LLP raised its position in shares of AMC Entertainment by 85.4% in the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock worth $11,151,000 after buying an additional 1,290,376 shares during the period. JPMorgan Chase & Co. raised its position in shares of AMC Entertainment by 91.5% in the 4th quarter. JPMorgan Chase & Co. now owns 2,263,513 shares of the company’s stock worth $9,009,000 after buying an additional 1,081,464 shares during the period. Finally, State Street Corp boosted its holdings in AMC Entertainment by 14.6% in the third quarter. State Street Corp now owns 7,353,442 shares of the company’s stock valued at $33,458,000 after acquiring an additional 936,618 shares during the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Company Profile

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.