AMC Entertainment (NYSE:AMC) Given New $2.70 Price Target at Citigroup

AMC Entertainment (NYSE:AMC) had its target price lifted by Citigroup from $2.60 to $2.70 in a report issued on Tuesday,Benzinga reports. They currently have a sell rating on the stock.

A number of other equities research analysts have also recently weighed in on the stock. B. Riley started coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They issued a “neutral” rating and a $3.00 price target for the company. Wedbush raised shares of AMC Entertainment from a “neutral” rating to an “outperform” rating and upped their target price for the company from $3.00 to $4.00 in a report on Friday, July 11th. Finally, Wall Street Zen raised shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.33.

AMC Entertainment Price Performance

Shares of AMC opened at $2.8350 on Tuesday. AMC Entertainment has a 1-year low of $2.45 and a 1-year high of $5.56. The stock has a market cap of $1.22 billion, a PE ratio of -3.19 and a beta of 1.49. The firm has a fifty day moving average price of $3.05 and a 200 day moving average price of $3.05.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Deutsche Bank AG lifted its position in shares of AMC Entertainment by 51.3% in the 4th quarter. Deutsche Bank AG now owns 282,815 shares of the company’s stock worth $1,126,000 after buying an additional 95,834 shares during the last quarter. Northern Trust Corp lifted its position in shares of AMC Entertainment by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock worth $13,207,000 after buying an additional 370,408 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in AMC Entertainment in the 4th quarter valued at about $1,191,000. Marshall Wace LLP lifted its position in AMC Entertainment by 85.4% in the 4th quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock valued at $11,151,000 after purchasing an additional 1,290,376 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in AMC Entertainment by 15.7% in the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock valued at $114,000 after purchasing an additional 3,885 shares during the last quarter. 28.80% of the stock is currently owned by institutional investors.

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.