AMC Entertainment (NYSE:AMC – Free Report) had its price target trimmed by Wedbush from $6.00 to $4.00 in a research note published on Thursday, Benzinga reports. The firm currently has a neutral rating on the stock.
Separately, B. Riley lowered their price target on shares of AMC Entertainment from $12.00 to $8.00 and set a neutral rating on the stock in a research note on Thursday, February 29th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Reduce and an average target price of $5.95.
View Our Latest Analysis on AMC Entertainment
AMC Entertainment Stock Performance
AMC Entertainment (NYSE:AMC – Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, equities analysts predict that AMC Entertainment will post -1.7 earnings per share for the current year.
Institutional Investors Weigh In On AMC Entertainment
A number of large investors have recently added to or reduced their stakes in AMC. American Century Companies Inc. grew its stake in AMC Entertainment by 17.5% in the 1st quarter. American Century Companies Inc. now owns 20,312 shares of the company’s stock valued at $500,000 after acquiring an additional 3,020 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of AMC Entertainment by 49.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 44,525 shares of the company’s stock worth $1,097,000 after purchasing an additional 14,732 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of AMC Entertainment by 141.2% during the 1st quarter. Panagora Asset Management Inc. now owns 50,244 shares of the company’s stock worth $1,238,000 after purchasing an additional 29,413 shares during the last quarter. Cibc World Market Inc. acquired a new stake in shares of AMC Entertainment during the 1st quarter worth about $321,000. Finally, Prudential PLC acquired a new stake in shares of AMC Entertainment during the 1st quarter worth about $275,000. 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.
Further Reading
- Five stocks we like better than AMC Entertainment
- What are earnings reports?
- Comprehensive PepsiCo Stock Analysis
- Best Stocks Under $10.00
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- 3 Steel Stocks Could Soar on New China Tariffs
Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.