Analysts at William Blair started coverage on shares of AMC Entertainment Holdings, Inc. (NYSE:AMC) in a research report issued on Friday. The firm set a “market perform” rating on the stock.

Several other equities research analysts have also recently weighed in on AMC. B. Riley raised shares of AMC Entertainment Holdings to a “buy” rating and set a $49.50 price target for the company in a research report on Tuesday, May 9th. Barclays PLC cut shares of AMC Entertainment Holdings from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $31.00 to $25.00 in a research report on Wednesday. Loop Capital reiterated a “buy” rating and set a $39.00 price objective on shares of AMC Entertainment Holdings in a research note on Monday, July 10th. Zacks Investment Research lowered shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Credit Suisse Group AG reduced their price objective on shares of AMC Entertainment Holdings from $20.00 to $17.00 and set an “underperform” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.21.

Shares of AMC Entertainment Holdings (NYSE:AMC) traded down 1.21% during trading on Friday, hitting $20.35. 1,275,877 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $22.94 and a 200-day moving average price of $28.62. The stock has a market cap of $2.66 billion, a P/E ratio of 23.23 and a beta of 1.35. AMC Entertainment Holdings has a one year low of $19.65 and a one year high of $35.65.

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In related news, CEO Adam M. Aron purchased 10,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were acquired at an average price of $24.72 per share, for a total transaction of $247,200.00. Following the purchase, the chief executive officer now owns 90,426 shares of the company’s stock, valued at approximately $2,235,330.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin M. Connor purchased 4,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were bought at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the purchase, the senior vice president now directly owns 40,705 shares in the company, valued at approximately $957,381.60. The disclosure for this purchase can be found here. Corporate insiders own 0.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Capital Management LLC raised its position in shares of AMC Entertainment Holdings by 0.3% in the first quarter. Janus Capital Management LLC now owns 2,417,897 shares of the company’s stock worth $76,043,000 after buying an additional 8,318 shares during the last quarter. LMR Partners LLP bought a new position in shares of AMC Entertainment Holdings during the first quarter worth about $2,192,000. FMR LLC raised its position in shares of AMC Entertainment Holdings by 5,837.8% in the fourth quarter. FMR LLC now owns 723,524 shares of the company’s stock worth $24,347,000 after buying an additional 711,339 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of AMC Entertainment Holdings during the first quarter worth about $588,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of AMC Entertainment Holdings by 62.5% in the first quarter. TIAA CREF Investment Management LLC now owns 188,788 shares of the company’s stock worth $5,937,000 after buying an additional 72,618 shares during the last quarter. Institutional investors and hedge funds own 41.02% of the company’s stock.

About AMC Entertainment Holdings

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.

Analyst Recommendations for AMC Entertainment Holdings (NYSE:AMC)

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