Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.10.
Several brokerages have weighed in on AMC. Zacks Investment Research raised AMC Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of AMC Entertainment in a report on Monday, January 22nd. Wedbush set a $21.00 target price on shares of AMC Entertainment and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Credit Suisse Group dropped their target price on shares of AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating for the company in a report on Tuesday, November 7th.
A number of hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted its stake in shares of AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in shares of AMC Entertainment during the third quarter valued at approximately $147,000. Deprince Race & Zollo Inc. bought a new stake in shares of AMC Entertainment during the fourth quarter valued at approximately $151,000. Financial Consulate Inc. bought a new stake in shares of AMC Entertainment during the third quarter valued at approximately $162,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of AMC Entertainment during the fourth quarter valued at approximately $275,000. 47.62% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This story was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://stocknewstimes.com/2018/02/11/amc-entertainment-holdings-inc-amc-receives-24-10-average-pt-from-brokerages.html.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.
Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.