Macquarie Reiterates “Neutral” Rating for AMC Entertainment (NYSE:AMC)

AMC Entertainment (NYSE:AMC)‘s stock had its “neutral” rating restated by stock analysts at Macquarie in a research note issued on Wednesday,Benzinga reports. They currently have a $4.00 target price on the stock. Macquarie’s price target suggests a potential upside of 24.26% from the company’s current price.

A number of other equities research analysts have also recently weighed in on AMC. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Saturday, February 22nd. B. Riley dropped their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $4.00 to $3.25 in a report on Tuesday, February 4th. Roth Capital set a $3.25 target price on AMC Entertainment in a report on Tuesday, February 4th. Finally, Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.81.

AMC Entertainment Price Performance

AMC opened at $3.22 on Wednesday. The stock’s 50 day moving average price is $3.59 and its 200 day moving average price is $4.25. The stock has a market cap of $1.21 billion, a P/E ratio of -2.00 and a beta of 1.88. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88.

Institutional Trading of AMC Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMC. KBC Group NV acquired a new position in AMC Entertainment in the third quarter worth approximately $37,000. Creative Planning bought a new stake in shares of AMC Entertainment during the 3rd quarter worth $48,000. Sterling Capital Management LLC grew its holdings in shares of AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after acquiring an additional 9,679 shares during the last quarter. Amalgamated Bank raised its position in shares of AMC Entertainment by 31.5% during the third quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of AMC Entertainment by 27.5% during the third quarter. Private Advisor Group LLC now owns 15,011 shares of the company’s stock valued at $68,000 after purchasing an additional 3,237 shares during the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.

AMC Entertainment Company Profile

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.