AMC Entertainment (NYSE:AMC) Price Target Raised to $2.70 at Citigroup

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

AMC has been the topic of several other reports. B. Riley assumed coverage on AMC Entertainment in a research note on Friday, May 16th. They issued a “neutral” rating and a $3.00 price objective on the stock. Wedbush raised shares of AMC Entertainment from a “neutral” rating to an “outperform” rating and raised their target price for the company from $3.00 to $4.00 in a report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.33.

AMC Entertainment Stock Performance

Shares of AMC opened at $2.8650 on Tuesday. The stock has a market capitalization of $1.24 billion, a PE ratio of -3.22 and a beta of 1.49. The company’s 50-day simple moving average is $3.07 and its 200-day simple moving average is $3.05. AMC Entertainment has a 1 year low of $2.45 and a 1 year high of $5.56.

Institutional Trading of AMC Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Deutsche Bank AG grew its position in AMC Entertainment by 51.3% in the 4th quarter. Deutsche Bank AG now owns 282,815 shares of the company’s stock valued at $1,126,000 after buying an additional 95,834 shares during the last quarter. Northern Trust Corp boosted its holdings in AMC Entertainment by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,318,281 shares of the company’s stock valued at $13,207,000 after purchasing an additional 370,408 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in AMC Entertainment during the 4th quarter worth approximately $1,191,000. Marshall Wace LLP grew its holdings in AMC Entertainment by 85.4% during the fourth quarter. Marshall Wace LLP now owns 2,801,788 shares of the company’s stock worth $11,151,000 after acquiring an additional 1,290,376 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of AMC Entertainment by 15.7% during the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock worth $114,000 after purchasing an additional 3,885 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

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.