AMC Entertainment (NYSE:AMC) Earns Underperform Rating from Macquarie

AMC Entertainment (NYSE:AMC)‘s stock had its “underperform” rating restated by analysts at Macquarie in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $4.00 price target on the stock. Macquarie’s target price indicates a potential downside of 12.66% from the stock’s current price.

Several other equities analysts have also recently issued reports on AMC. Wedbush reiterated a “neutral” rating and set a $4.00 price target on shares of AMC Entertainment in a research report on Monday, August 5th. B. Riley reduced their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday. Morgan Stanley lowered their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Finally, Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Stock Up 0.4 %

Shares of NYSE AMC opened at $4.58 on Wednesday. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88. The stock has a market capitalization of $1.66 billion, a P/E ratio of -2.88 and a beta of 1.83. The stock’s 50 day moving average price is $4.49 and its two-hundred day moving average price is $4.69.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. AMC Entertainment’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.09) EPS. On average, analysts anticipate that AMC Entertainment will post -1.42 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of AMC. Amalgamated Bank raised its stake in shares of AMC Entertainment by 31.5% in the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock valued at $53,000 after purchasing an additional 2,771 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of AMC Entertainment by 27.5% in the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock worth $68,000 after acquiring an additional 3,237 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in AMC Entertainment by 10.3% during the 2nd quarter. Victory Capital Management Inc. now owns 38,050 shares of the company’s stock worth $189,000 after buying an additional 3,553 shares in the last quarter. Waldron Private Wealth LLC boosted its holdings in AMC Entertainment by 47.0% in the second quarter. Waldron Private Wealth LLC now owns 17,071 shares of the company’s stock valued at $85,000 after acquiring an additional 5,459 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AMC Entertainment by 14.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,228 shares of the company’s stock worth $230,000 after buying an additional 5,902 shares during the period. Institutional investors 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.