AMC Entertainment (NYSE:AMC) Given Hold Rating at Benchmark

Benchmark reaffirmed their hold rating on shares of AMC Entertainment (NYSE:AMC) in a report issued on Monday, Benzinga reports.

Several other research firms have also issued reports on AMC. Wedbush reissued a neutral rating and set a $4.00 target price on shares of AMC Entertainment in a research note on Monday. Macquarie increased their target price on AMC Entertainment from $3.50 to $4.00 and gave the stock an underperform rating in a research note on Tuesday, July 9th. Finally, Citigroup increased their target price on AMC Entertainment from $3.10 to $3.20 and gave the stock a sell rating in a research note on Tuesday, May 14th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, AMC Entertainment currently has a consensus rating of Reduce and a consensus price target of $5.37.

AMC Entertainment Stock Performance

NYSE AMC opened at $5.09 on Monday. The stock’s fifty day moving average is $5.01 and its two-hundred day moving average is $4.36. The firm has a market capitalization of $1.50 billion, a P/E ratio of -4.00 and a beta of 1.84. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $52.80.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.43). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. AMC Entertainment’s quarterly revenue was down 23.1% compared to the same quarter last year. As a group, sell-side analysts forecast that AMC Entertainment will post -0.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of AMC Entertainment by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after purchasing an additional 4,617,007 shares during the period. Norges Bank acquired a new stake in shares of AMC Entertainment in the 4th quarter valued at about $12,605,000. SG Americas Securities LLC boosted its position in shares of AMC Entertainment by 1,894.0% in the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock valued at $5,583,000 after purchasing an additional 1,064,805 shares during the period. Bank of New York Mellon Corp boosted its position in shares of AMC Entertainment by 92.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock valued at $5,411,000 after purchasing an additional 522,063 shares during the period. Finally, Quadrature Capital Ltd boosted its position in shares of AMC Entertainment by 374.1% in the 4th quarter. Quadrature Capital Ltd now owns 818,077 shares of the company’s stock valued at $5,003,000 after purchasing an additional 645,541 shares during the period. Hedge funds and other 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.