AMC Entertainment’s (AMC) Neutral Rating Reiterated at Macquarie

AMC Entertainment (NYSE:AMC)‘s stock had its “neutral” rating reiterated by stock analysts at Macquarie in a research report issued on Wednesday,Benzinga reports. They currently have a $4.00 target price on the stock. Macquarie’s price target points to a potential upside of 22.51% from the company’s current price.

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

AMC Entertainment Trading Down 0.2 %

AMC stock traded down $0.01 during mid-day trading on Wednesday, reaching $3.27. The company’s stock had a trading volume of 10,873,717 shares, compared to its average volume of 10,920,169. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -2.03 and a beta of 1.88. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The business’s 50 day moving average price is $3.60 and its 200 day moving average price is $4.26.

Institutional Inflows and Outflows

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