AMC Entertainment (NYSE:AMC) Given “Underperform” Rating at Macquarie

AMC Entertainment (NYSE:AMC)‘s stock had its “underperform” rating restated by equities research analysts at Macquarie in a research note issued on Wednesday,Benzinga reports. They currently have a $4.00 price target on the stock. Macquarie’s target price indicates a potential downside of 12.28% from the company’s current price.

AMC has been the subject of a number of other research reports. Morgan Stanley decreased their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research report on Tuesday. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Monday, August 5th. Finally, B. Riley cut their price target on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $5.44.

AMC Entertainment Price Performance

AMC remained flat at $4.56 during trading on Wednesday. 18,226,469 shares of the company’s stock were exchanged, compared to its average volume of 26,161,736. The stock has a market capitalization of $1.65 billion, a PE ratio of -2.83 and a beta of 1.83. The stock has a 50 day moving average price of $4.50 and a two-hundred day moving average price of $4.68. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, equities research analysts anticipate that AMC Entertainment will post -1.42 earnings per share for the current year.

Hedge Funds Weigh In On AMC Entertainment

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in AMC Entertainment by 1,894.0% during the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after buying an additional 1,064,805 shares during the last quarter. Scientech Research LLC bought a new stake in shares of AMC Entertainment during the second quarter worth about $1,167,000. Bank of New York Mellon Corp lifted its position in 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 acquiring an additional 522,063 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in AMC Entertainment by 24.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock valued at $245,000 after purchasing an additional 12,975 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in AMC Entertainment by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after purchasing an additional 4,617,007 shares in 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.